WHEN IT’S NO LONGER BUSINESS AS USUAL,

Deed of Company
Arrangement (DOCA)

DEED OF COMPANY ARRANGEMENT

There is no doubt that running a successful business is getting tougher and tougher in Australia. With competition white-hot, it is likely that many small to medium enterprises can wade into difficult financial waters.

During financial trouble, it is important that business leaders recognise their options – with a Deed of Company Arrangement being one option. Read on to find out what a Deed of Company Arrangement is, how it can help your enterprise and the key details of this process.

A Deed of Company Arrangement (DOCA) may be a means of resolving your financial difficulties and enabling your business to return to normal trading.

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WHAT IS DOCA?

A Deed Of Company Arrangement (DOCA) is one of the possible outcomes when a company enters voluntary administration.

A Deed Of Company Arrangement is a legally binding plan to repay some, or all, outstanding debts. In approving the DOCA, the creditors believe it offers them a better return than if the company was put into liquidation.

FAQS

What information is in a DOCA?

The DOCA may include:

Details of all debts covered by the deed.
Information of all assets and property proposed to be used to repay the creditors.
A schedule for repayment of the debts
The term and circumstances of any moratorium, during which the creditors may agree not to pursue their debts.
Who will administer the DOCA. (Normally the administrator managing the voluntary administration process as they are already familiar with the company and the situation).

When does the DOCA end?

The DOCA should identify when it will terminate. This is normally when the final, scheduled payment is made to the creditors and debts are paid as agreed in the DOCA.

OUR INSOLVENCY ASSISTANCE SERVICES

At Corporate Lifeline we have an array of services to cater to any phase your business is in financially.

Liquidations

Voluntary
Administration

Bankruptcy & personal insolvency agreements

Receiverships

Small Business
Restructuring

Agent for Mortgagee
in Possession

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REAL PEOPLE, REAL REVIEWS

★★★★★

The Corporate Lifeline advisor provided outstanding service and support through process of the liquidation, and at a reasonable cost. They handle the majority of the paperwork, requiring only minimal organisation from my part to complete the process.

Chrissy Yu

Redcliff

★★★★★

The advisor who returned my call was incredibly helpful and alleviated my concerns. I had initially believed our company was facing significant challenges, but she provided clear guidance and steered me in the right direction.

David Rogers

Rockingham

★★★★★

It was a hard pill to swallow but it had to be addressed. I made the call to Corporate Lifeline and they were extremely helpful. They helped us to explore the possibilities to find any way forward but Liquidation was going to be our best option for the business. The process from very straight forward for us and there was a lot of help and lots of contact with them throughout the whole process.

Tony Cameron

Brisbane

★★★★★

I found Corporate Lifeline to be very understanding of my situation. I was so stressed about my company being in jeopardy but I can relax now, knowing that I was given a solution and I can carry on trading.

Erin Djemal

Sydney

★★★★★

My experience with Corporate Lifeline has been exceptional. They have transformed what was initially a highly stressful situation into a smooth and straightforward process. Their attentiveness, thoroughness, and professionalism, have provided me immense relief.

Brendon Spencer

Geelong

★★★★★

Having traded successfully for over 15 years, it was devastating to realise that losing a key client would put our company into insolvency. But after speaking with the team at Corporate Lifeline I could see that we should’ve called them six months earlier. They were informative and supportive from the outset, which would have avoided months of stress and sleepless nights. Restructuring our company through the Voluntary Administration has put our company in a strong position and is now growing again. We are grateful for their time and expertise.

Kate Davy

Perth

★★★★★

After meeting with Kathleen, we felt that we’d met someone we could put our trust in and who would leave no stones unturned to help rescue our business. Kathleen took early decisive action to reduce costs, maintain the loyalty of customers and key staff and find a viable way forward for our company. I found them to be very approachable and well connected, which was instrumental in turning our company around.

Mark Griffin

Wollongong

★★★★★

Communication was provided with a swift resolution and most importantly, without any judgment. I wholeheartedly recommend this service.

Brian Yang

Adelaide

★★★★★

I reached out to them when I was feeling overwhelmed by debt collectors. They took care of all my financial matters, liaised with my creditors, and enabled me to regain control of my finances. I am very grateful and want to thank Corporate Lifeline for their help.

Cliff Forsyth

Coffs Harbour

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HOW WE CAN HELP YOU!

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If you find yourself in a situation where you need financial advice for your business, let us help you.

Deed of Company Arrangement (DOCA)