Voluntary administration is an insolvency process where the directors of a company facing financial trouble company, or a secured creditor with security over most of the company’s assets, appoint a voluntary administrator.
The objective of a voluntary administration is to either maximise the chance of a business continuing and moving on or to achieve a better return for the company’s creditors and members once it has been wound up.
The Brooke Bird team are very experienced in voluntary administrations and strive to achieve the best outcomes for all stakeholders.
A Deed of Company Arrangement enables companies to come to a cost-effective, formal arrangement with its creditors to try to remedy its financial problems without having to liquidate the company.
To discuss how we can help you with our Voluntary Administration and Deed of Company Arrangement services, please get in touch.
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