Canberra Chartered Accountants by Kazar Slaven

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KAZAR SLAVEN
CHARTERED ACCOUNTINS
INSOLVANCY PRACTITIONERS
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Introduction
Kazar Slaven offers professional services and
advice to companies and individuals in Canberra
and throughout the East Coast of Australia who
are facing financial difficulty, as well as
specialist advice to creditors, banks and
financial institutions. Combined, our senior
staff have over 80 years experience in the
industry, ensuring that you receive the very best
advice to assist in your accounting and
insolvency issues.
CHARTERED ACCOUNTINS
INSOLVANCY PRACTITIONERS
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ABOUT US
Kazar Slaven is a leader in the accountancy
sector with extensive knowledge of the Canberra
region and a depth of resources. We have an
extensive staff team and are focused on business
problem solving and insolvency issues. We take an
analytical approach to the problem to find the
best practical solution for the stakeholders. Our
work includes dispute resolution amongst
shareholders and business partners who are at
odds. We provide independent, unbiased advice on
the way forward.
CHARTERED ACCOUNTINS
INSOLVANCY PRACTITIONERS
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We Have a Team of Professionals
CHARTERED ACCOUNTINS
INSOLVANCY PRACTITIONERS
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CORPORATE INSOLVENCY

• Voluntary Administration
• Deed of Company Arrangement
• Creditors Voluntary Liquidation
• Court / Official Liquidation
• Provisional Liquidation
• Corporate Receivership
• Members Voluntary Liquidation

CHARTERED ACCOUNTINS
INSOLVANCY PRACTITIONERS
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Voluntary Administration
Voluntary administration allows the business,
property and affairs of a company to be
administered in a way that maximises the chances
of a companys continuation or provides an
outcome resulting in better return for the
companys creditors rather than immediate
wind-up.
CHARTERED ACCOUNTINS
INSOLVANCY PRACTITIONERS
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Process Voluntary Administration

• The liquidation of the company.
• A deed of company arrangement.
• The termination of the administration (returning
  the company to its previous state).

CHARTERED ACCOUNTINS
INSOLVANCY PRACTITIONERS
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Deed of Company Arrangement

In a Deed of Company Arrangement (DOCA), the
creditors of a company appoint one of the Kazar
Slaven partners to act as the deed
administrator.
CHARTERED ACCOUNTINS
INSOLVANCY PRACTITIONERS
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DOCA offers

DOCA offers creditors the potential of greater
return than if the company were to be placed into
liquidation. This can be achieved in a number of
ways for example, the contribution from
directors or members or the injection of capital
by an investor or purchaser. For creditors to
accept a DOCA proposal, its necessary for the
administrator to demonstrate that the likely
result would produce a better outcome than the
winding up of the company.
CHARTERED ACCOUNTINS
INSOLVANCY PRACTITIONERS
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Creditors Voluntary Liquidation

The Kazar Slaven partners, individually or
jointly, act as liquidator to investigate that
all the assets of the company have been accounted
for and distributes those assets amongst the
creditors. This method of winding up an insolvent
company is commenced by the shareholders, however
the appointment of the liquidator may either be
ratified by the companys creditors or they may
nominate and vote for the appointment of an
alternate liquidator.
CHARTERED ACCOUNTINS
INSOLVANCY PRACTITIONERS
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Court / Official Liquidation

This process of winding up an insolvent company
involves the court making a winding up order and
appointing the Kazar Slaven partners,
individually or jointly, as the Official
Liquidator. An application for such an order is
usually made by a creditor but may be made by the
members, a liquidator or ASIC.
CHARTERED ACCOUNTINS
INSOLVANCY PRACTITIONERS
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Provisional Liquidation
Provisional Liquidation is an interim step that
preserves the assets of a company, pending the
hearing of an application for winding up. In
these circumstances one of the Kazar Slaven
partners is appointed Provisional Liquidator by
the court. A creditor will usually be the
applicant, however a member may seek the
appointment of a Provisional Liquidator if there
is concern that the directors are acting
improperly.
CHARTERED ACCOUNTINS
INSOLVANCY PRACTITIONERS
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Corporate Receivership

In these circumstances one of the Kazar Slaven
partners is appointed as Receiver by a secured
creditor or by the court on the application of a
person who seeks to protect their interests. The
most common form of private appointment of a
receiver occurs where a secured creditor holds a
fixed and floating charge over the assets of a
company.
CHARTERED ACCOUNTINS
INSOLVANCY PRACTITIONERS
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Members Voluntary Liquidation

The purpose of liquidation of an insolvent
company is to enable a fair form of distribution
of the companys assets amongst its creditors,
and to enable an investigation of the companys
affairs with the view to determining the
circumstances leading to the winding up. For
Members Voluntary Liquidation, the Kazar Slaven
partners, individually or jointly, act as the
liquidator to wind up the affairs of the
company. Contact US
CHARTERED ACCOUNTINS
INSOLVANCY PRACTITIONERS
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Contact US

Chartered Accountants / Insolvency
Practitioners Address Level 3 Engineering
House 11 National Circuit Barton ACT 2600 GPO Box
138 Canberra ACT 2601 Telephone [phone]
1310 Facsimile 61 2 6215 8450 Email
info_at_kazarslaven.com.au
CHARTERED ACCOUNTINS
INSOLVANCY PRACTITIONERS