Kazar Slaven - Chartered Accountants & Insolvency Practitioners

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• CHARTERED ACCOUNTANTS INSOLVENCY PRACTITIONERS

http//www.kazarslaven.com.au
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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.

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We Have a Team of Professionals

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OUR TEAM
Henery Kazar
Michael Slaven
Lyndell Kazar
Courtney Kazar
Aaron Torline
Amanda Webb
Cathy Wang
Daniel del Rio
Jack Steedman
Claire Demaine
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OUR TEAM
Jacquie Howard
Lachlan Abbott
Melissa Lucas
Nicholas Polhill
Michael Lawless
Stanley Pineda
Tim Womack
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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

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VOLUNTARY ADMINISTRATION

• In Voluntary Administration, a Kazar Slaven
  partner, individually or jointly, acts as an
  administrator to investigate and determine the
  possible future for a company.
• 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.

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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.
• 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.

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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.

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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.
• The role of the Official Liquidator is the same
  as in a Creditors Voluntary Liquidation, ie to
  wind up the affairs, distribute equitably the
  companys assets, and to conduct an
  investigation. The primary task of the liquidator
  in both cases is to protect the interests of
  unsecured creditors.

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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.

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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.
• When appointed, a receivers role will be to
  administer the property subject to the charge and
  to realise it for the benefit of the party
  entitled to it, usually the secured creditor.

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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.

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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