SAFE HARBOUR
Do you want to continue trading while insolvent and return your company to its former glory?
If you believe you can turn your company around and get it out of the debt it’s currently in, then Safe Harbour might be an avenue worth exploring.
The Safe Harbour provisions encourage company directors to maintain control of a business that is financially struggling and take reasonable steps to restructure and develop a plan to move forward.
The provisions have the ability to provide safety against any potential insolvent trading claims against directors personally should the company later enter liquidation.
Resources
If you want to find out if you’re eligible for the small business restructuring process, contact us to discuss your options today
Could a Small Business Restructure save your business?
If you are one of the thousands of business in Australia battling to
succeed, maybe we can help.
Liability limited by a scheme approved under Professional Standards Legislation. ^All figures and averages are based off SBR Specialists actual totals and are correct at time of distribution.