Australian Debt Solvers works with clients in Melbourne and across Australia. We have offices around the country, including an office in the heart of the Melbourne CBD. You can contact us directly via our website, call us on 1300 789 499 for a free consultation, or visit us in person at Level 11, 2 Queen Street, Melbourne CBD.
Voluntary administration enables a company in financial difficulty to continue operations by appointing an external administrator. While voluntary administration can be an excellent solution, it can also be a challenging process. Australian Debt Solvers specialises in voluntary administration cases, with the guidance given for administrator appointments and all aspects of creditor management.
As an act of insolvency, voluntary administration occurs when a company in financial difficulty is placed in the hands of an independent administrator. While this process is the result of tough times, it can also be seen as the start of a new opportunity. Unlike liquidation, which describes the end of business operations, voluntary administration can build a new pathway for the future if managed successfully.
At Australian Debt Solvers, we offer advice and support for all aspects of the voluntary administration process. We can help you to understand your current financial situation, look into your available options, and come up with appropriate solutions for the benefit of all stakeholders. From employees and partners to creditors and financial institutions, successful voluntary administration demands an expert hand. Please contact our team for a free consultation today.
Australian Debt Solvers offers a comprehensive range of financial solutions in Melbourne. Communication and attention to detail are central to our approach, with each case and client offered our full time and respect. We know that each financial situation is unique, and we take the time to identify solutions and recognise new opportunities for growth.
At Australian Debt Solvers, we combine expert financial knowledge and industry experience with a solid work ethic and uncompromising attitude. We have helped thousands of clients in Melbourne and across Australia to understand and overcome their financial challenges. If you need financial insights and advice during a difficult time, please watch our video.
Voluntary administration can occur for many reasons, and it is typically initiated by a majority of company directors. If company directors discover or suspect insolvency, an independent administrator needs to be appointed immediately before additional financial damage occurs. Other than company directors, voluntary administration can also be triggered for the following reasons: By secured creditors with a security interest, Pressure from multiple creditors, Pressure from banks or lenders, Disputes between directors and shareholders, Significant legal action.
In most cases, a voluntary administration in Australia lasts for 25-30 business days. This time allows the new administrator to deal with internal company problems and enter into new financial agreements with creditors. When this period comes to an end, either the process succeeds with a signed Deed of a Company Arrangement, or the process fails and the company is placed into liquidation.
Along with expert financial advice, we provide access to a leading online knowledgebase about voluntary administration in Australia. If you would like to learn more, The ADS Research Centre offers clarity and guidance about voluntary administration and other important financial matters.
For companies facing the prospect of insolvency, voluntary administration is like hitting the pause button for some breathing room. It lets you bring in external experts who can make recommendations as to the best future course of action for the company.Read more
One of the most common areas of misunderstanding is the difference between liquidation and administration. These terms represent two very different things, but for a company that won’t be able to return from the brink due to financial stress, it will be important to consider which path to go down.Read more
When your business is struggling, it’s best to seek financial advice to understand the options available. One option is to go into administration to assess the company’s viability, and possibly turn its fortunes around.Read more
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