Andrew J. mcevoy
Registered Liquidator, Chartered accountant and LAWYER (NON-PRACTIsING)
About
I work as a Registered Liquidator at Aston Chace Group, providing restructuring and insolvency services to distressed companies and creditors. This is an information website only.
Small Business Restructuring
A process to settle debts that allows company directors to remain in control of their business. Eligibility requirements must be met including: debts less than $1m, tax lodgements made and employee entitlements paid.
Voluntary Administration & Deed of Company Arrangement (DOCA)
An administrator takes control of the business, undertakes investigations and reports to creditors whether to place the company into liquidation or accept a DOCA to settle debts and return control to the director.
Creditors Voluntary Liquidation (CVL)
Shareholders vote to liquidate an insolvent company . A liquidator investigates the company’s affairs, to equitably distribute any surplus assets to creditors.
Court Liquidation
An application is made to the Court, usually by a creditor due to unpaid debts, to wind up a company.
Receiverships
A secured creditor usually appoints a Receiver and Manager over assets and a business to recover lent money – the Receiver realises assets to distributes accordingly. This may follow an Independent Business Review report prepared for the secured creditor.
Independent Business Reviews
A report prepared for business owners providing strategic analysis of the financial position and performance of a business, to identify issues and assist with turnaround and profit improvement.
restructuring and insolvency information
Director Penalty Notices
Here is some information by DPNs
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