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- Business Restructuring (29)
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Small Business Restructuring and Secured Creditors
Secured creditors are treated differently from unsecured creditors during SBR. They generally retain...
What Debts Are Included in Small Business Restructuring?
SBR includes most unsecured debts that existed before the process began, such as ATO debt, supplier ...
What Is a Small Business Restructuring Practitioner?
A Small Business Restructuring (SBR) Practitioner is an independent registered liquidator who overse...
SBR vs SBR Rollover
Small Business Restructuring (SBR) is a formal insolvency process for eligible companies in financia...
Small Business Restructuring for Construction Businesses
Small Business Restructuring (SBR) can help eligible construction companies manage existing debts wh...
Received a DPN? When Small Business Restructuring May Help
SBR may help if a company director receives a Director Penalty Notice, but it is not a guaranteed so...
Can Small Business Restructuring Help After a Statutory Demand?
In most cases, yes, SBR can help after a statutory demand. A statutory demand does not, on its own, ...
Is Small Business Restructuring Public? Â
Small Business Restructuring is a formal insolvency process, so some information becomes part of the...
Does SBR Moratorium Stop Creditor Action
The Small Business Restructuring moratorium can temporarily stop many types of creditor action, givi...
Can Small Business Restructuring Stop ATO Legal Action?
SBR may help protect an eligible company from certain ATO recovery actions, but it does not automati...
Are Directors Liable for Personal Guarantees if the Company is in SBR?
Entering SBR does not automatically release directors from personal guarantees they have signed. Whi...
SBR vs Selling the Business
Small Business Restructuring (SBR) is designed to help a business that can recover to continue opera...
What Happens if Creditors Reject a Small Business Restructuring Plan
If creditors reject a Small Business Restructuring (SBR) plan, businesses must explore other solutio...
Small Business Restructuring for Hospitality and Retail BusinessesÂ
Small Business Restructuring lets eligible hospitality and retail businesses keep trading while dire...
What Happens if a Company Defaults on a Small Business Restructuring PlanÂ
Defaulting on a Small Business Restructuring (SBR) plan can have serious consequences. A default may...
What Happens to Creditors During Small Business Restructuring
When a business enters SBR, creditors become part of a formal process to deal with the company’...
Who Controls the Business During Small Business Restructuring?
During Small Business Restructuring, control of the business generally remains with the existing dir...
Small Business Restructuring Process: Timeline, Steps and What to Expect
The SBR process involves an initial assessment, eligibility review, appointment of a restructuring p...
Small Business Restructuring (SBR) Eligibility
To be eligible for SBR, the company must be incorporated, have total liabilities within debt thresho...
How Does Small Business Restructuring Affect Business Operations
Small Business Restructuring (SBR) allows eligible businesses to continue operating while addressing...
Who Pays Under an ATO Garnishee NoticeÂ
Under an ATO garnishee notice, the third party that receives the notice usually pays the ATO, not th...
How Long Does an ATO Garnishee Notice Last
An ATO garnishee notice does not have a fixed expiry date. It generally lasts until the tax debt is ...
Can ATO Empty or Freeze Your Bank Account?
No. The ATO generally cannot freeze or empty your bank account like a court or law enforcement order...
ATO vs Revenue NSW Garnishee Notices: What’s the Difference?
ATO and Revenue NSW garnishee notices both redirect money from third parties, but they apply to diff...
What Is Small Business Restructuring? Eligibility, Risks, Timelines
Small Business Restructuring (SBR) is a formal insolvency process that allows eligible small compani...
Small Business Restructuring vs Simplified Debt Liquidation
SBR is designed to help a viable company restructure debts and continue trading while directors stay...
Small Business Restructuring vs Safe Harbour
SBR is a formal insolvency process that helps eligible companies compromise debts while continuing t...
Small Business Restructuring vs Liquidation
Small Business Restructuring aims to save a viable company by allowing it to keep trading while prop...
Small Business Restructuring vs DOCA
Small Business Restructuring is a simpler process for eligible small companies, where directors usua...
Small Business Restructuring vs ATO Payment Plan: Which Is Better for Tax Debt?
Both Small Business Restructuring and an ATO payment plan offer a path forward for businesses strugg...
Priority for Employee Entitlements in Voluntary Administration
Employee entitlement ‘priority’ refers to the order in which certain employee claims are paid du...
Voluntary Administration and PPSR: A Guide
The Personal Property Securities Register (PPSR) is a national register used to record security inte...
Can a DOCA Be Changed, Terminated or Challenged?
Yes, a Deed of Company Arrangement (DOCA) can be varied, terminated or challenged after approval. Cr...
Ipso Facto Clauses and Voluntary Administration
An ipso facto clause is a contractual provision allowing one party to terminate or enforce rights be...
Voluntary Administration vs Small Business Restructuring: Which Is Better for Your Company?
Voluntary administration (VA) and small business restructuring (SBR) are both formal insolvency proc...