Voluntary Administration
Voluntary Administration
Voluntary Administration can be a viable alternative to Liquidation
In very general terms, when an Administrator is appointed over a company, two options are given to creditors when deciding the future of the company. They will either choose to Liquidate the company or enter Voluntary Adminstration which offer creditors such as the ATO a higher return. DPN Help establishes what this entails so that you as the director know how you will retrieve control of the company and not inhibit continued trade of the business.


What We Do
DPN Help has developed logistically sound, commercial and legal arrangements which can be immediately put in place (especially when clients have less than 21 days after receiving a Director Penalty Notice).
We work with clients to gain a thorough understanding of the business, the environment in which it operates, and potential problems.
Things you need to know
- You might well bury your head in the sand, but in the long term, this won’t ultimately achieve very much.
- You might call your accountant. The problem is while they are experts in general accounting, often there is no requirement for knowledge in insolvency. But we will always work with your Accountant.
- You might call your lawyer. Again a similar problem is usually encountered. The lawyer usually is experienced in commercial law / conveyancing law and the like, but not insolvency.
- A director of a financially stressed company needs someone who can interpret the real financial position of the company and with that knowledge formulate a timely, cost-effective strategy to get the desired result.

What Do I Do Now?
We know everyone’s situation is different and that’s why we have such a tailored approach for each of our clients. The best thing you can do is act promptly, call us today and get the expert advice you need as soon as possible.

Consultation
Book a discovery call with one of our friendly experts to take a deep dive into your finances and investigate your concerns.

Strategy Session
After assessing your situation, our team report back with the best option for your business recovery.

Execution
This is where we fix your problems and get you the best outcome for you and your company.
FAQs
From those who have been in similar situations
How are you different to Insolvency Practitioners, like Voluntary Administrators?
Our role essentially provides directors of financially distressed entities with individualised strategies that will return their business to a cash flow positive position and limit the impact personally on a director.
How do you do this?
This is achieved by blending the three professional pillars of accounting, law and insolvency, into a “one stop shop”.
Why can’t Insolvency Practitioners do this?
In representing the director/s’ interests, we do not experience the conflict issues insolvency practitioners experience in representing “all creditors” by law. In actual fact, the only partial “loser” is the insolvency practitioner who can only run each job for the period of the Administration (usually 45 days plus the period of the proposed Deed), and not bill and recover fees for the period of a liquidation (which can last for years). It is very rare that significantly higher fees are not generated by the insolvency practitioner under the liquidation scenario.
Do you protect our personal assets like the family home during this process?
Absolutely.
Case Studies

Aaron received a Director Penalty Notice for $350,000, and as a result, had less than 21 days to do something about it. Fortunately, his Company accountant contacted us and we immediately put a strategic plan in place to not only reduce the debt by $200,000 including our fees, but we were able to reduce his loan account to the company from $750,000 to $10,000.
Aaron M

Russell’s daughter’s business was experiencing financial difficulties post-pandemic and sought our help. Having seen the volume of Director Penalty Warning Notices that were sent to Directors of SMEs in March 2022, the strategy was to sell her business to a new company (which included a future for her in the new company going forward). We then negotiated a settlement with the ATO for the existing debt in order that she avoid being personally liable for the ATO debt.
Russell F

Steve received Director Penalty Notices for two of his related companies for $850,000 and $535,000 respectively. He had experienced several set backs over the prior two years including the Pandemic, a health scare, and rising costs in his industry. We organised for a Voluntary Administrator to be appointed, holding his hand through the entire process, allowing him to keep the business and settle his debts at 12c in the $.
Stephen M
Contact Us
We know time is of the essence in these situations.
Our friendly team of experts are here to help.
Contact Us
Please either give us a call or submit the form and one of the team will get back to you.
Please include the best time to call you back.