A Deed of Company Arrangement (DOCA) aims to maximise the chances for a company to continue to exist while providing a better return for creditors than an immediate winding up. A DOCA is one of the option available following a voluntary administration appointment.
Company directors are empowered to propose a DOCA to their creditors, however any third party may propose a DOCA. It’s with the Worrells team’s skill and endorsement that creditors can be confident of business viability and increased returns when compared to an evaluated liquidation scenario and its expected outcomes.