How the Voluntary Arrangement Process Works

A structured statutory process involving the debtor, Registered Nominee, creditors and, where applicable, the High Court.

1. Financial Assessment

Review of income, expenses, assets, liabilities and overall repayment capacity.

2. Nominee Appointment

Appointment of a Registered Nominee and assessment of whether VA may be appropriate.

3. Interim Order & Proposal

Where applicable, the statutory Interim Order process is undertaken and the Debtor Proposal is prepared.

4. Creditors' Consideration

Creditors are notified and given the opportunity to consider and vote on the proposal in accordance with the applicable requirements.

5. Arrangement Implementation

If approved, the VA is implemented according to its agreed terms.

6. Repayment & Monitoring

Repayments are made according to the arrangement, with compliance monitored throughout the VA period.

Understand Your Next Step

Every case is different. A professional assessment is required to determine whether a Voluntary Arrangement may be appropriate.