Voluntary Administration (VA) Eligibility Criteria

There are no strict thresholds or asset limits, but typically a company is eligible if:

1. Insolvent or likely to become insolvent (unable to pay debts when due).

2. A major decision-maker (director or secured creditor) wants to appoint an external administrator to try to rescue the business or maximise value for creditors.

3. A Registered Liquidator is appointed as the Voluntary Administrator.

Suitable for larger businesses or those with over $1 million in liabilities who can propose a DOCA (Deed of Company Arrangement) to avoid liquidation.