Ticcidew

How does Voluntary Administration end?

A Voluntary Administration (“VA”) usually ends once a decision is made to either give control of the company back to the director(s), execute a Deed of Company Arrangement (“DOCA”) or proceed to liquidation. A VA can also conclude via a court order to end or appoint a liquidator for the company to be wound up, if the second meeting of creditors is not arranged within the stipulated timeframe or if the DOCA is not signed within twenty-one (21) days of the second meeting.

Leave a comment