Olvera provides comprehensive advice to help businesses make informed decisions during financial distress.
Often, businesses’ fear of failure impedes their ability to innovate. When faced with financial distress, many businesses file for premature voluntary administration when their business can yet be recovered.
In a volatile market, debt consolidation and debt management strategies are not enough. Complexities and circumstances sometimes dictate that a voluntary administration process or a wind down via liquidation is unavoidable.
At Olvera Advisors, we foster an environment where clarity serves as the foundation for change, and empowers businesses not just to survive, but to flourish in the face of uncertainty. Our unique approach revolves around crafting tailored solutions that address the distinctive needs of stakeholders, while ensuring the preservation of value in voluntary administration or liquidation scenarios.
Our team understands the complexity of stakeholders’ needs and the importance of value-preservation strategies in voluntary administration or liquidation scenarios.
In a world where change is the only constant, and challenges manifest in various forms, Olvera Advisors proudly stands as your partner, guiding you along the turnaround journey. Together, we can support your business by reducing the stigma of business failure.
Voluntary Administration and DOCA services are suited for businesses with one or more of the following concerns
Olvera’s Voluntary Administration services include
Thoroughly investigating the organisation’s finances to determine current solvency and identify recovery pathways.
Providing directors and creditors with expert advice to navigate challenges and choose the optimal course.
Preparing detailed reports to help creditors make well-informed decisions on the company’s future.
Coordinating the Deed of Company Arrangement process to maximise potential recovery and business continuity.
Managing the fair and orderly distribution of funds to creditors as outlined in the DOCA.
Kate Barnet is a recognised leader in the insolvency and reconstruction industry.
Michael offers over two decades of international restructuring expertise, adept at innovatively supporting diverse businesses, from small firms to listed companies.
Voluntary administration is a critical legal process that provides a lifeline to financially troubled companies. When a company faces financial distress and is unable to pay its debts, it can opt for voluntary administration. This process allows the company to assess its options and potentially return to profitability.
Voluntary Administration (VA) remains a powerful tool for companies facing financial distress, designed to offer a lifeline to viable businesses facing temporary financial challenges.
A voluntary administrator is a licensed professional who takes control of the company’s financial affairs during the administration process. Their primary responsibilities include:
If creditors agree to a DOCA, the administrator works with the company to finalise the terms. Once accepted, the DOCA is implemented, allowing the company to continue operating under new financial terms and conditions specified in the agreement.
When a company enters voluntary administration in Australia, it’s essential to understand the implications:
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We acknowledge the Traditional Custodians of the land on which our office stands and pay our respects to Elders past, present, and emerging.
We also extend our acknowledgment to the Stolen Generations and reaffirm our commitment to supporting them on their journey toward healing.
