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Canberra Chartered Accountants by Kazar Slaven

Kazar Slaven is a team of professional Chartered Accountants and Insolvency Practitioners in Canberra. With years of experience in offering forensic accounting services, we provide professional advice in matters of personal and corporate insolvency.

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Kazar Slaven
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58 views15 pages

Canberra Chartered Accountants by Kazar Slaven

Kazar Slaven is a team of professional Chartered Accountants and Insolvency Practitioners in Canberra. With years of experience in offering forensic accounting services, we provide professional advice in matters of personal and corporate insolvency.

Uploaded by

Kazar Slaven
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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KAZAR SLAVEN

CHARTERED ACCOUNTINS
INSOLVANCY PRACTITIONERS

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

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
CHARTERED
ACCOUNTINS
INSOLVANCY
PRACTITIONERS
amongst
shareholders
and
business
partners who are at odds. We provide
independent, unbiased advice on the way

We Have a Team of Professionals

CHARTERED ACCOUNTINS
INSOLVANCY PRACTITIONERS

CORPORATE
INSOLVENCY

Voluntary Administration
Deed of Company
Arrangement
Creditors Voluntary
Liquidation
Court / Official
Liquidation
Provisional Liquidation
Corporate Receivership
Members VoluntaryCHARTERED ACCOUNTINS
INSOLVANCY PRACTITIONERS
Liquidation

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

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

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

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 produceCHARTERED
a betterACCOUNTINS
outcome than the winding
up of the
INSOLVANCY
PRACTITIONERS
company.

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
CHARTERED ACCOUNTINS
INSOLVANCY PRACTITIONERS
an alternate liquidator.

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

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

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

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
CHARTERED ACCOUNTINS
affairs of the company.

INSOLVANCY PRACTITIONERS

Contact US

Chartered Accountants /
Insolvency Practitioners
Address: Level 3 Engineering
House
11 National Circuit
Barton ACT 2600
GPO Box 138
Canberra ACT 2601
Telephone: 61 2 6285 1310
Facsimile: 61 2 6215 8450
Email:
CHARTERED ACCOUNTINS
[email protected]

INSOLVANCY PRACTITIONERS

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