RSM has extensive experience in conducting voluntary administration for all sizes of companies across numerous industries.
The aim of a voluntary administration is to enable the business, property and affairs of an insolvent company, or a company which may become insolvent, to be administered in a way that maximises both the chances for the company to continue in existence; and for the return to creditors and shareholders.
The voluntary administration process is instigated by the directors of a company or lenders that hold security of the whole or substantially the whole of a company’s assets and is available to companies which are, or may become, insolvent.
A voluntary administration provides a formal process that can facilitate an orderly reconstruction of a company’s business which may be basically sound, but is currently facing financial difficulty.
Our experts will provide detailed advice on the benefits of the voluntary administration process and whether the process is recommended for each specific case. We are dedicated to working with the key stakeholders to achieve the desired outcome, be it restructuring a company’s affairs through a deed of company arrangement or by assisting with the transition of the company’s into liquidation.
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