Voluntary Administration
Place a company into Voluntary Administration as an alternative to liquidation — gives the company 25 business days to restructure while creditors cannot take action. Directors remain involved but administrator takes control.
Official source
asic.gov.auRelated topics
voluntary administration · administrator · insolvency · doca · deed of company arrangement · restructure · insolvent trading · company rescue · company in trouble · save my business · avoid liquidation · creditor protection · company rescue plan · business restructure · insolvency help · company administration · company · bankruptcy · debt agreement
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