Business Restructuring

Small Business Restructuring (SBR) is a formal insolvency process that allows eligible small companies to restructure their debts while directors remain in control of the business. To qualify, companies must meet specific eligibility requirements, including debt...

SBR is designed to help a viable company restructure debts and continue trading while directors stay in control. SDL is a streamlined liquidation process for eligible companies that cannot realistically recover. Under SDL, a liquidator takes control, trading ends,...

SBR is a formal insolvency process that helps eligible companies compromise debts while continuing to trade. Safe Harbour is not an insolvency process; it protects directors from certain insolvent trading claims while they pursue a genuine turnaround strategy. SBR...

Small Business Restructuring aims to save a viable company by allowing it to keep trading while proposing a debt compromise to creditors. Liquidation is used when recovery is unlikely, with the liquidator taking control, selling assets, paying creditors where...

Small Business Restructuring is a simpler process for eligible small companies, where directors usually stay in control while proposing a debt repayment plan. A DOCA follows voluntary administration, where an administrator first takes control. SBR is generally cheaper...

Both Small Business Restructuring and an ATO payment plan offer a path forward for businesses struggling with tax debt. But while an ATO payment plan requires the debt to be repaid in full, Small Business Restructuring may allow eligible businesses to settle debts for...