About Kazar Slaven

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.
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.
Our Team
We have team of professionals:

Hanry Kazar
Michael Slaven
Lyndell Kazar
Courtney Kazar
Aaron Torline
Amanda Webb
Cathy Wang
Claire Demaine
Daniel del Rio


Jack Steedman
Jacquie Howard
Lachlan Abbott
Melissa Lucas
Michael Lawless
Nicholas Polhill
Stanley Pineda
Tim Womack



Corporate Insolvency
At corporate insolvency we have :

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.
A companys directors initiate voluntary administration in writing. It is then
the administrators responsibility to convene an initial meeting with creditors
within eight business days where the creditors have the right to replace the
administrator. An investigation is then done and a second meeting is called to
determine the companys future.
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.
The DOCA binds the deed administrator, the company and its officers and
members, and for the duration of the DOCA, the company will be required to
show the words subject to deed of company arrangement on every public
document.
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.
The role of the liquidator is to realise the assets of the company and distribute
those assets equitably amongst the creditors, conduct an investigation in order
to determine whether all of the assets have been properly accounted for and
determine whether there are any transactions which may be recoverable by a
liquidator for the benefit of creditors.
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.
The failure of a company to comply with a statutory demand is the most
common ground for an application for winding up; for example, the creditor
will issue a statutory demand and the debtor company fails to comply within
21 days after service. This evidence is put before the court to demonstrate the
companys insolvency.
Contact Us
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
Website: http://www.kazarslaven.com.au/