Deed of Company Arrangement
A deed of company arrangement (DOCA) creates a binding agreement between a company and its creditors as to how the company must manage its affairs.
A deed of company arrangement will be drawn up as a result of a company entering voluntary administration.
The goal of the deed of company arrangement is to provide the company with a manageable debt plan in the best interests of the stakeholders of the company and to avoid the necessity of the company going into liquidation. A deed of company arrangement usually offers a larger return to its creditors in respect of their outstanding debts than could be achieved from liquidating the company.
It is the responsibility of the deed administrator to ensure that a company adheres to the steps and agreements laid out in a deed of company arrangement. The deed administrator is usually the appointed voluntary administrator, subject to the resolution of the company’s creditors.
Our directors have had significant success as a result of their years of experience in administering companies resulting in deed of company arrangements.