CHARTERED ACCOUNTANTS

INSOLVENCY PRACTITIONERS
http://www.kazarslaven.com.au
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.

We Have a Team of Professionals
Henery Kazar

Michael Slaven

Lyndell Kazar Courtney Kazar Aaron Torline
Amanda Webb Cathy Wang
Claire Demaine
Daniel del Rio Jack Steedman
OUR TEAM
Jacquie Howard Lachlan Abbott Melissa Lucas Michael Lawless Nicholas Polhill
Stanley Pineda Tim Womack
OUR TEAM
CORPORATE INSOLVENCY
VOLUNTARY ADMINISTRATION
DEED OF COMPANY ARRANGEMENT
CREDITORS VOLUNTARY LIQUIDATION
COURT / OFFICIAL LIQUIDATION
PROVISIONAL LIQUIDATION
CORPORATE RECEIVERSHIP
MEMBERS VOLUNTARY LIQUIDATION


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.

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.

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.

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.
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.
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.
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.
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: info@kazarslaven.com.au