Small Business Restructuring Specialist

Considering A Small Business Restructuring Plan?

A Small Business Restructure could be the lifeline your business needs.

Check Your Eligibility

Apply for a Small Business Restructure Plan and get your business back on track in just 35 business days^

$342,000

Avg. Saving of SBRS Clients since June ’22*

80%

Avg. Debt Reduction*

7

Week Resolution

80%

Avg. Debt Reduction*

$342,000

Avg. Saving of SBRS Clients since June ’22*

7

Week Resolution

^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 Basics

The Small Business Restructure Process (SBRP) is a government-legislated option for small businesses in Australia that are struggling with cash flow.

Simply put, the business owners appoint a Small Business Restructuring Practitioner to develop a restructuring plan that is approved the ATO and other creditors.

The plan involves a reduction in debt and other measures so you can get your business back on track, stay in control and keep trading.

The Benefits
  • Directors stay in control of the business
  • Puts a stop on any creditor actions while the restructure is being finalised
  • Reduce debt and implement manageable payment schedules
  • Allows you to remain trading, retain staff and get back to running the business

How Does The SBR Process Work?

Step 1
Step 1

Eligibility

Complete the 1-minute form to see if your business meets the minimum requirements to qualify for a restructure.

Step 2
Step 2

Consultation

A specialist contacts you to determine if restructuring is viable and suitable for you and your business.

Step 3
Step 3

Due Diligence

We determine your financial position: accounts, income, liabilities, financial debts and creditors.

Step 4
Step 4

Appointment

If you qualify and are happy to proceed, you appoint us as your restructuring practitioner. Fees are placed in a trust fund

Step 5
Step 5

Restructuring

Once appointed, we begin the restructuring process.

Check Your Eligibility

Case Studies

Case Study 1: Civil Contracting

Western Sydney Civil business contracting primarily to local government projects. Extended COVID restrictions for Western Sydney meant the business could not operate successfully, with contracts put on hold or scaled back.

Director had received Director Penalty Notices for unpaid SGC superannuation and PAYG withholding tax with 21 days to act to remove potential personal liabilities.

Financial Position Before Restructure:

  • ATO Debt: $706,302
  • Other Debt: $157,942
  • Total Debt: $864,244
After Restructure:

  • ATO Debt: $73,533
  • Other Debt: $16,477
  • Total Debt: $90,00
  • Company and director contribute $45,000 each for up to 6 months

Case Study 2: Local Retail

Small Business Restructuring to keep you open
Popular local Café and bookstore operating for over 17 years in NSW. Unfortunately, COVID restrictions caused an instant decrease in sales revenue and COVID staff isolations also reduced operating times.

The company received final demands from NSW Revenue and Service NSW.

Financial Position Before Restructure:

  • ATO Debt: $152,171
  • Other Debt: $106,513
  • Total Debt: $258,684
After Restructure:

  • ATO Debt: $23,531
  • Other Debt: $16,469
  • Total Debt: $40,000
  • Monthly repayments of approx. $1,650 for 24 months

Ready to Get Your Business Back on Track?

Check if your company is eligible for restructuring in 60 seconds

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Step 1 of 5
Is the business currently in liquidation or under any form of external administration?

Complete the form. All inquiries are strictly confidential.

Commonly Asked Questions

How long does restructuring take?
Typically up to 35 business days – as mandated by the Corporations Act. That is just 7 weeks!
Do creditors have to accept the restructuring plan?
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.
Can creditors take legal action during the restructuring process?
Commencement of the restructuring process means affected creditors cannot continue or commence court or other recovery action against the company.

Call 1300 947 465 to speak with a local specialist

Small enough to care, large enough to cope.

Liability limited by a scheme approved under Professional Standards Legislation.

Check Your Eligibility