A DOCA is nothing more than a deal between the company and its creditors. There are many types of DOCA. Some DOCAs provide for some or all of the following:
If the company, or another party, defaults on a key term of the DOCA, then a meeting of creditors can be convened by the Deed Administrator to vary the DOCA or terminate the DOCA and put the company into liquidation.
The advantages of a DOCA include: