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ARTICLE · 13 SEPTEMBER 2017

DPNs, DOCAs and DINs - what the ....? - Deciphering insolvency lingo

Worrells
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When it comes to acronyms, initialisms, and abbreviations, the insolvency industry is no different to other industries.

AustraliaInsolvency/Bankruptcy/Re-Structuring
Stephen Hundy
Stephen Hundy
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Deciphering insolvency lingo

When it comes to the use of acronyms, initialisms, and abbreviations, the insolvency industry is no different to any other industry—we love them! As insolvency practitioners, we use these constantly, and sometimes don't consider how we converse and therefore how it's interpreted.

Let's take the dialogue between a Worrells Partner and an accountant as an example:

Accountant: My client has received a directors' notice from the ATO
Worrells Partner: Is it a DPN?
Accountant: I'm not sure.
Worrells Partner: Sorry, is it titled a Director Penalty Notice?
Accountant: Ah, yes, it is.

True to our Plain Talk ethos, we decipher the most common acronyms and initialisms that you may hear in the insolvency industry as follows.

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