Deed of Company Arrangement (DOCA) Acceptance
Form number: DOCA / Form 5051
A binding agreement, voted on by creditors at the second meeting of a Voluntary Administration, that compromises the company's debts. A DOCA can return the company to its directors with a fixed cents-in-the-dollar return to creditors over time, often saving the business as a going concern.
Official source
asic.gov.auRelated topics
doca · deed of company arrangement · voluntary administration · asic · creditor compromise · rescue · company debt agreement · creditor vote · business rescue plan · insolvency agreement · company restructure · avoid liquidation · company comeback · debt compromise deal · company · bankruptcy · debt agreement
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