The voluntary administrator will
take control of the company's assets
investigate the company's affairs
report any offences to the Australian Securities and Investments Commission (ASIC)
assist the directors to formulate a DOCA proposal
report to creditors on the course of action that gives for the best outcome for creditors
call the required meetings of creditors to decide the company's future.
Disclaimer
The enclosed information is of necessity a brief overview and it is not intended that readers should rely wholly on the information contained herein. No warranty express or implied is given in respect of the information provided and accordingly no responsibility is taken by Worrells or any member of the firm for any loss resulting from any error or omission contained within this fact sheet.
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