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Sheridans Chartered Accountants

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(08) 9221 9339

general@sheridansac.com.au

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Voluntary Administrations

Voluntary Administrations

This flexible and relatively inexpensive formal procedure provides a company with breathing space, so that a compromise or arrangement aimed at saving the company or the business and maximising the return to creditors can be attempted.

Voluntary Administration is an insolvency procedure where an external administrator called a ‘Voluntary Administrator’ is appointed by the directors of a financially troubled company, or by a secured creditor of the company holding a charge over most of the company’s assets.

Voluntary Administration provides a company with short term protection from its creditors while the future of the company is considered.

The Voluntary Administrator investigates the company’s affairs, reports to creditors, and makes a recommendation to creditors whether the company should enter into a Deed of Company Arrangement, go into liquidation or be returned to the directors.

A Voluntary Administrator is usually appointed by a company’s directors, after they have decided that the company is insolvent or likely to become insolvent. Less commonly, a Voluntary Administrator may be appointed by a Liquidator, Provisional Liquidator, or a secured creditor.

Free Initial Consultation

Contact us today for a free initial consultation to discuss your situation and how Sheridans can help you.
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  • Liquidations
  • Voluntary Administrations
  • Deeds of Company Arrangement
  • Receiverships
  • Home
  • About Us
    • Vision Statement
    • Why Sheridans?
    • Testimonials
    • Useful Links
    • Our Rates
    • Concerns or Complaints
    • Community
    • Mental Health Support
    • Sheridans Out and About
  • Our People
  • Downloads
    • Sheridans Downloads
    • External Downloads
  • News & Info
    • Publications
    • Newsletters
    • Articles
    • Corporate Insolvency FAQ
    • Personal Insolvency FAQ
    • Presentations
    • Events
  • Creditor info
    • Current Appointments
    • Finalised Appointments
  • Contact us

Sheridans, Level 9 40 St. George’s Terrace Perth WA 6000, PO Box Z5209 Perth WA 6831 Australia


Phone: (08) 9221 9339

Fax: (08) 9221 9340

Email: general@sheridansac.com.au

We acknowledge the Traditional Owners and Custodians of the Land on which we live and work, the Wadjuk Nyungar people. We pay our respects to Elders past, present and emerging.

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