Voluntary Administration - Negotiating a DOCA

Discussion in 'Legal Issues' started by Jasper, 25th Jan, 2021.

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  1. Jasper

    Jasper Well-Known Member

    Joined:
    31st May, 2017
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    Do you have any insight to share regarding the DOCA process or your personal story with the process?

    I am a creditor who lent money to company for a property development. Upon completion of the project, I was supposed to get my money back + a return. This company on-lent the money to a developer who hasn't showed up to mediation and hasn't even commenced the project. So now the company has gone into voluntary administration and I expect to receive a DOCA report next week. It's been an awful experience to say the least (and there are another 7 creditors in the same boat).

    Can anyone share their experience with a DOCA? What to look out for? What to negotiate?

    Thanks for your insight.
     
    Jasper, 25th Jan, 2021
    #1
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