A Small Business Restructure could be the lifeline your business needs.
A Small Business Restructure could be the lifeline your business needs.
Apply for a Small Business Restructure Plan and get your business back on track in just 35 business days^
^35 business days is the government dictated timeline, starting from the date of submission. Pre-submission discovery and discussions are not covered by and may cause the process to exceed stated timeline. *All figures and averages are based off SBR Specialists actual totals and are correct at time of distribution. All numbers are indicative and actual results will vary. SBR Specialists make or imply no guarantee regarding future outcomes.
Apply for a Small Business Restructure Plan and get your business back on
track in just 35 business days^
^35 business days is the government dictated timeline, starting from the date of submission. Pre-submission discovery and discussions are not covered by and may cause the process to exceed stated timeline. *All figures and averages are based off SBR Specialists actual totals and are correct at time of distribution. All numbers are indicative and actual results will vary. SBR Specialists make or imply no guarantee regarding future outcomes.
What is Small Business Restructuring?
A Small Business Restructure is an ATO-led initiative that allows businesses to reduce debts and create a roadmap back to success in only 35 business days.
The Small Business Restructure Process (SBRP) is a government- legislated option for small businesses in Australia that are struggling with cash flow.
It allows business owners to appoint a Small Business Restructuring Practitioner to develop a restructuring plan approved by the ATO and other creditors.
The plan involves debt reduction and other other measures so you can get your business back on track and keep trading.
Small Business Restructuring Benefits
What is Small Business Restructuring?
A Small Business Restructure is an ATO-led initiative that allows businesses to reduce debts and create a roadmap back to success in only 35 business days.
The Small Business Restructure Process (SBRP) is a government- legislated option for small businesses in Australia that are struggling with cash flow.
It allows business owners to appoint a Small Business Restructuring Practitioner to develop a restructuring plan approved by the ATO and other creditors.
The plan involves debt reduction and other other measures so you can get your business back on track and keep trading.
The Benefits
restructure is being finalised
schedules
back to running the business
How to apply for restructuring
1. Eligibility
Complete the 1-minute form to see if your business meets the minimum requirements to qualify for a restructure.
2. Consultation
A specialist contacts you to determine if restructuring is viable and suitable for you and your business.
3. Due Diligence
We determine your financial position: accounts, income, liabilities, financial debts and creditors.
4. Appointment
If you qualify and are happy to proceed, you appoint us as your restructuring practitioner. Fees are placed in a trust fund
5. Restructuring
Once appointed, we begin the restructuring process.
How Does The Restructuring Process Work?
1. Eligibility
Complete the 1-minute form to see if your business meets the minimum requirements to qualify for a restructure.
2. Consultation
A specialist contacts you to determine if restructuring is viable and suitable for you and your business.
3. Due Diligence
We determine your financial position: accounts, income, liabilities, financial debts and creditors.
4. Appointment
If you qualify and are happy to proceed, you appoint us as your restructuring practitioner. Fees are placed in a trust fund
5. Restructuring
Once appointed, we begin the restructuring process.
Case Studies
We have a 95% success rate with achieving 80%+ simplified debt reduction
Case Studies
We have a 95% success rate with achieving 80%+ simplified debt reduction
Ready To Get Your Business Back On Track?
Check if your company is eligible for restructuring in 60 seconds.
All inquiries are confidential.
Ready To Get Your Business Back On Track?
Check if your company is eligible for restructuring in 60 seconds.
All inquiries are confidential.
Testimonials
Merv
Owner Business ConsultingMerv – Business Advisory
The SBRS team have been nothing short of amazing from day one! Given the last few years of global economic challenges we found ourselves in a very difficult financial position that we thought we wouldn’t be able to recover from, the team supported us through our options and guided us on how we could provide a solution to the government to enable our business to continue. Without their hard work and diligence we don’t think we could’ve survived – they were literally a lifeline to our business. Couldn’t recommend them more!
Owner Festival Organiser
Festival organiser restructure
It’s no secret that the live music industry and the hospitality sector was highly impacted during the Covid-19 pandemic. The debt compounded and all our pleas to government fell on deaf ears. Along came the SBRS team to the rescue! They instantly gave my business solutions and spoke to the government on my behalf to help us manage debt and not become insolvent. I cannot recommend these guys highly enough for their strength and support during such challenging times.
Mark P.
Owner QLD BuilderMark P. QLD Builder
Our QBCC credentials were up for renewal, and as part of that we needed to show solvency which we couldn’t do due to the amount of tax debt we were carrying and the ATO payment plan. Brad and the team looked at our situation and were confident they could negotiate a debt reduction and payment plan that would meet the QBCC criteria. We now have less debt, QBCC certificate and I personally have time to spend on bringing in new business.
Jane A.
Owner Coffee shopJane A. Coffee shop
I was out of options after all the COVID support stopped, and we were weeks if not days from shutting the doors for good, when a customer mentioned restructuring and gave me Thomas’s number. It was literally a gamechanger and lifeline for us, and the team at SBRS were so supportive, understanding and you could tell they just wanted to help.
James B.
Owner Roof plumberJames B. Roof plumber
Thomas, Brad and the whole team at SBRS were amazing throughout the whole process. From the first phone call I just felt the weight on my shoulders just seemed to get lighter by the day, and 3 weeks in they were doing their thing and left me to get on with running the business. Hands down the best business decision I’ve made in a long time was making that first phone call to them.
Commonly Asked Questions
Typically up to 35 business days – as mandated by the Corporations Act. That is just 7 weeks!
Once a plan is put to creditors, they may vote to accept or reject the plan. They have 15 business days to vote to accept or reject the plan. The restructuring practitioner oversees the voting process and 51% of creditors (based on the amount owed) must agree for the structure to be approved.
Commencement of the restructuring process means affected creditors cannot continue or commence court or other recovery action against the company.
Commonly Asked Questions
Typically up to 35 business days – as mandated by the Corporations Act. That is just 7 weeks!
Once a plan is put to creditors, they may vote to accept or reject the plan. They have 15 business days to vote to accept or reject the plan. The restructuring practitioner oversees the voting process and 51% of creditors (based on the amount owed) must agree for the structure to be approved.
Commencement of the restructuring process means affected creditors cannot continue or commence court or other recovery action against the company.
Small Business Restructuring Specialists
Liability limited by a scheme approved under Professional Standards Legislation.
Small Business Restructuring Specialists
© 2024 SBRS. All rights reserved.
Small Business Restructuring Specialists
Liability limited by a scheme approved under Professional Standards Legislation.
Call for a confidential chat with one of our team.
Available Nationally
Small Business Restructuring Specialists
© 2024 SBRS. All rights reserved.