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Voluntary Administration Perth

Give your company a second chance to regain financial stability through Voluntary Administration

Protect Your Company's Future and Initiate a Voluntary Administration

Voluntary Administration (VA) should never be considered a pre-planned way of avoiding debts, but it can provide you significant relief from debts if your company is in financial trouble. By engaging an expert, independent Administrator, you can reduce your company’s unsecured debts which will allow your business to get into a much healthier financial position moving forward.

Voluntary Administration could be the answer if your company is facing significant debts you can’t repay. VA is designed to help give you a ‘grace period’ through appointing a Voluntary Administrator who will address debt or cash flow problems. Even if legal proceedings have already started, appointing an Administrator will prevent further action against you and your company while a plan is devised to help you move forward with less liabilities. VA can reduce your unsecured debt by 80% or more.

Voluntary Administration Takes the Pressure Off Your Company By:

Decreasing Your Mounting Debts

When you’re running a company, it can be incredibly stressful to have debts mounting and no immediate way to get them under control. By providing you with a moratorium period, you can step back from your company’s debts and find a positive solution.

Stopping Your Creditors From Calling

As soon as you enter VA, the Administrator handles all creditor communication from that point on. So you won’t receive any further harassing phone calls from your creditors or debt collectors.

Taking Control of Your Debts Through a DOCA

With the Voluntary Administrator’s assistance, you can work out a plan together to get your company debts back under control and repay your creditors an affordable amount. This can be done through a Deed of Company Arrangement (DOCA).

How Will a Deed of Company Arrangement Help Your Company?

A Deed of Company Arrangement is a formal arrangement (which you offer to creditors) that’s prepared by the Voluntary Administrator during the process. It’s presented for consideration during the second meeting of creditors. A DOCA is flexible and changes to meet your company’s individual circumstance. A DOCA sets out your company’s:

  • Current financial situation and assets,
  • The Administrator’s opinion on its future and viability,
  • An amount per dollar of debt that you can afford to offer creditors, along with a payment timeframe, and
  • A plan to restructure your business so it doesn’t get in the same situation again in the future.

Revive Financial Will Help You Through the Voluntary Administration Process in 5 Easy Steps

1. Talk to Us

Get in touch with our Perth team to get some professional, free advice about your situation. We’ll determine if VA is the right solution for your company by assessing your financial circumstances and providing a free business health check.

2. Necessary Documentation

If Voluntary Administration is the step forward, we’ll prepare the documents for you to help make the process as smooth as possible.

3. Walk You Through the Process

Once the documents are signed, your company will be put into VA and we will notify your creditors. This means they still stop harassing you and you gain the opportunity to take a step back and breathe.

4. DOCA

Your appointed Administrator will work with you to address your company’s financial situation and prepare a DOCA to present to your creditors.

5. Positive Result

Once we’ve resolved your debt problems and your creditors are happy with the DOCA, we’ll hand the control of your company back to you in a healthier state than before so you can continue with your company into the future.

Return to Profitability and Unwind with a Voluntary Administration in Perth

At Revive Financial, our experts will provide you with detailed advice the benefits of VA to help you avoid insolvent trading and personal liability. We will work with you to achieve a positive result for your business.

With over 43 years of combined experience, our dedicated team are ready to work with you and find the best possible solution for your business’ financial woes. We have been assisting businesses through the Voluntary Administration process in Perth and Western Australia for years. Our team consists of business debt and personal insolvency specialists including Chartered Accountants, Registered Liquidators, Bankruptcy Trustees and business advisors.

Is Voluntary Administration the Right Solution for Your Business?

If your company is struggling financially, there are a number of paths you can take to turn things around. Our experts at Revive Financial will help you decide if Voluntary Administration is the best option for your company.

Call our Perth team today on 1800 861 247.

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