Where possible, we specialise in rejuvenating businesses experiencing financial decline. We develop a strategic plan to address the company’s debts.
Where possible, we specialise in rejuvenating businesses experiencing financial decline. We develop a strategic plan to address the company’s debts.
VOLUNTARY ADMINISTRATION
As trusted advisors in debt solutions for small to medium-sized businesses (SMBs) all across Australia, we understand this may be one of the toughest, most stressful decisions you’ll make as a business owner.
The team at AVA Advisory will guide you through all uncertainties you may face when placing your company into Voluntary Administration. You may feel like you’ve let people down or that your business is a failure. But the truth is, many successful companies have been in your position before – voluntary administration exists to give good businesses a second chance.
This isn’t about giving up, it’s about pausing to get expert help.
With the right guidance, there are still options to continue operating or exit while minimising impacts on you and your employees. We’re here to support you through this challenging time with empathy and experience. Let’s have an open conversation about the best way forward. – to understand whether Voluntary Administration is the best course forward for you, contact us today on 1300 181 220 or book a free consultation online today.
VOLUNTARY ADMINISTRATION EXPLAINED
Voluntary administration is a formal insolvency process that can help provide financially distressed companies with breathing space to assess their situation and options for the future. It allows an independent Voluntary Administrator to take control of the company to try and work out a way to save either the company or its business.
The focal point of a Voluntary Administration is on the best possible outcome for the business owners (not just their creditors). The aim is to maximise the chances of the company surviving or to achieve a better outcome for creditors than an immediate liquidation.
AVA Advisory provides experienced, pragmatic support and advice through each step of VA to achieve the optimal outcome for you as a director and owner.
Our restructure process is your pathway to a more resilient and prosperous future. Comprising of eight strategic steps, we will collaborate closely with you to navigate the complexities of reorganisation.
Detailed Fact Finding
We do a deep dive into the intricacies of the company’s financial, operational, and legal aspects.
Financial Assessment
AVA provides a detailed overview of the company’s financial position.
Strategic Planning
Collaborating with directors, AVA devise and implement strategic plans to enhance the company’s financial viability.
Appoint Administrator
A registered insolvency practitioner is appointed as the voluntary administrator to oversee the process.
Company Valuation
Conducting a comprehensive company valuation to ascertain its financial standing, considering assets & liabilities.
First Creditors Meeting
Within 8 days of being appointed, the administrator must hold a meeting with the creditors of your company under section 436E of the Act.
Second Creditor Meeting
Creditors vote on whether to return the company to the directors’, approve a DOCA or place the company into liquidation.
Post-VA Support
AVA Advisory continues to offer support, strategic planning and advisory services.
VOLUNTARY ADMINISTRATION
As trusted advisers in debt solutions for small to medium-sized businesses (SMBs) all across Australia, we understand this may be one of the toughest, most stressful decisions you’ll make as a business owner.
The team at AVA Advisory will guide you through all uncertainties you may face when placing your company into Voluntary Administration. You may feel like you’ve let people down or that your business is a failure. But the truth is, many successful companies have been in your position before – voluntary administration exists to give good businesses a second chance.
This isn’t about giving up, it’s about pausing to get expert help.
With the right guidance, there are still options to continue operating or exit while minimising impacts on you and your employees. We’re here to support you through this challenging time with empathy and experience. Let’s have an open conversation about the best way forward. – to understand whether Voluntary Administration is the best course forward for you, contact us today on 1300 181 220 or book a free consultation online today.
VOLUNTARY ADMINISTRATION
Entering Voluntary Administration (VA) can be a strategic decision for a company facing financial distress. It offers distressed companies a strategic reprieve from immediate financial pressures, allowing for a comprehensive assessment of their financial health.
Voluntary administration offers the opportunity to restructure, turnaround and pivot out of difficult times.
Voluntary Administration (VA) is a legal process tailored for companies grappling with financial distress, providing a strategic framework for evaluation, restructuring, and potential recovery. Initiated by company directors, VA offers a temporary respite from creditor actions, enabling a thorough assessment of the company’s financial health. This period involves collaboration with insolvency experts to chart a strategic pathway, including renegotiating contracts and downsizing operations for enhanced financial viability.
Shielded from legal actions during VA, the company fosters a transparent assessment environment. Administrators conduct comprehensive investigations, preparing detailed reports for creditors to gain a thorough understanding of the company’s financial affairs.
At a pivotal second creditors meeting, typically held within 25-30 business days, creditors determine the company’s future. Options range from winding up the company to entering a Deed of Company Arrangement (DOCA) or returning control to its directors.
VA aims to optimise returns for creditors through a structured and orderly process, deviating from forced liquidation scenarios. It allows directors to retain some control, offering a potential restructure or exit. Prioritising transparency and creditor involvement, the process ensures stakeholders are well-informed about the company’s financial position and have a voice in decision-making.
TESTIMONIAL
Entering Voluntary Administration (VA) can be a strategic decision for a company facing financial distress. It offers distressed companies a strategic reprieve from immediate financial pressures, allowing for a comprehensive assessment of their financial health.
Voluntary administration offers the opportunity to restructure, turnaround and pivot out of difficult times.
The objective of a Voluntary Administration is to allow the company to continue its operations and trade. Whereas a Liquidation is the end of a business and all its affairs.
Now, Let’s Start Mapping Your Path to Financial Freedom.
Don’t wait – the earlier we start, the more debt relief options will be available. Contact us today on 1300 181 220 for an obligation-free, cost-free consultation. Share details of your situation and concerns in confidence.
With expertise on your side helping analyse business debt relief options, ATO debt advice, and negotiate agreements, you can look forward again. Clarity, relief, and a brighter future for you and your business are only a few steps away – fill out the form below for your free consultation.
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