Canberra Chartered Accountants by Kazar Slaven

KAZAR SLAVEN

CHARTERED ACCOUNTINS

INSOLVANCY PRACTITIONERS



Introduction

Kazar Slaven offers professional services and advice to companies and individuals in Canberra and throughout the East Coast of Australia who are facing financial difficulty, as well as specialist advice to creditors, banks and financial institutions. Combined, our senior staff have over 80 years’ experience in the industry, ensuring that you receive the very best advice to assist in your accounting and insolvency issues.



ABOUT US

Kazar Slaven is a leader in the accountancy sector withextensive knowledge of the Canberra region and a depth ofresources. We have an extensive staff team and are focusedon business problem solving and insolvency issues.We take an analytical approach to the problem to find thebest practical solution for the stakeholders.Our work includes dispute resolution amongst shareholdersand business partners who are at odds. We provideindependent, unbiased advice on the way forward.



We Have a Team of Professionals



CORPORATE INSOLVENCY

Voluntary Administration Deed of Company Arrangement Creditors’ Voluntary Liquidation Court / Official Liquidation Provisional Liquidation Corporate Receivership Members’ Voluntary Liquidation



Voluntary Administration

Voluntary administration allows the business,property and affairs of a company to be administeredin a way that maximises the chances of a company’scontinuation or provides an outcome resulting inbetter return for the company’s creditors rather thanimmediate wind-up.



Process Voluntary Administration

The liquidation of the company. A deed of company arrangement. The termination of the administration

(returning the company to its previous state).



Deed of Company Arrangement

In a Deed of Company Arrangement (DOCA), the creditors of a company appoint one of the Kazar Slaven partners to act as the deed administrator.



DOCA offers

DOCA offers creditors the potential of greater return than if the company were to be placed into liquidation. This can be achieved in a number of ways; for example, the contribution from directors or members or the injection of capital by an investor or purchaser. For creditors to accept a DOCA proposal, it’s necessary for the administrator to demonstrate that the likely result would produce a better outcome than the winding up of the company.



Creditors’ Voluntary Liquidation

The Kazar Slaven partners, individually or jointly, act as liquidator to investigate that all the assets of the company have been accounted for and distributes those assets amongst the creditors.This method of winding up an insolvent company is commenced by the shareholders, however the appointment of the liquidator may either be ratified by the company’s creditors or they may nominate and vote for the appointment of an alternate liquidator.



Court / Official Liquidation

This process of winding up an insolvent companyinvolves the court making a winding up order andappointing the Kazar Slaven partners, individually orjointly, as the Official Liquidator. An application for suchan order is usually made by a creditor but may be madeby the members, a liquidator or ASIC.



Provisional Liquidation

Provisional Liquidation is an interim step thatpreserves the assets of a company, pending the hearingof an application for winding up.In these circumstances one of the Kazar Slaven partnersis appointed Provisional Liquidator by the court. Acreditor will usually be the applicant, however amember may seek the appointment of a ProvisionalLiquidator if there is concern that the directors areacting improperly.



Corporate Receivership

In these circumstances one of the Kazar Slavenpartners is appointed as Receiver by a secured creditoror by the court on the application of a person whoseeks to protect their interests. The most commonform of private appointment of a receiver occurs wherea secured creditor holds a fixed and floating chargeover the assets of a company.



Members’ Voluntary Liquidation

The purpose of liquidation of an insolvent company is to enable a fair form of distribution of the company’s assets amongst its creditors, and to enable an investigation of the company’s affairs with the view to determining the circumstances leading to the winding up.

For Members’ Voluntary Liquidation, the Kazar Slaven partners, individually or jointly, act as the liquidator to wind up the affairs of the company.

Contact US



Contact US

Chartered Accountants / Insolvency Practitioners

Address: Level 3 Engineering House11 National CircuitBarton ACT 2600

GPO Box 138Canberra ACT 2601

Telephone: 61 2 6285 1310Facsimile: 61 2 6215 8450

Email: [email protected]

mailto:[email protected]

Canberra Chartered Accountants by Kazar Slaven

Services

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