Creditors of companies that have entered into voluntary administration may be asked to vote for or against a Deed of Company Arrangement (DOCA). This can be a difficult decision to make without all the necessary information. To ensure you are making an informed decision, it is important to request the required information from the administrators. This can be done through a phone call, email, or by issuing a formal notice under the Corporations Act.
If you do not have the required information by the time of the Meeting of Creditors, you can request an adjournment until the information can be provided. Administrators may choose to grant the adjournment or proceed with the meeting. It is best to request an adjournment before the meeting so that the administrators can consider it.
By following these steps, small, medium, and large business owners alike can ensure they make an informed decision when voting on a DOCA in a company voluntary administration.
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