Directors who want to try to save their business may choose to restructure company debt while retaining control of business operations and creditor relationships.
Business Turnaround & Restructuring
Small business restructuring
A lower-cost solution to restructure small business debt
COVID-19 created a tough economic environment for many small businesses and the government made changes to allow directors to restructure debt more easily and with less expense to weather the storm—while staying in control of the business.
Background
Directors need certainty
Service highlights
It's do-able to undo, with insolvency experts
Business can be tough. Before you throw the towel in, we help you consider what can be done to turn around a business first, exploring restructuring options that can buy you valuable time to get back on your feet.
Space to breathe
There's 2 phases in the restructuring process. In the 1st phase, where the plan for creditors is being worked on, directors can get the space needed in the comfort of knowing that creditors are aware that a plan is underway.
Retain control
Designed on US-style 'chapter 11' debtor-in-possession model, directors retain control of business operations. A registered small business restructuring practitioner, is there to support and guide the restructuring process and handle the creditor processes.
Quick pathway to certainty
With creditor approval, the small business restructuring process takes 35 business days or less.
Shortened turnaround
Due to simplified design, small business restructuring takes less time than other formal insolvency processes.
Increased & easier access
Because of reduced costs and turnaround times, more small businesses can readily access this solution.
Reduced costs
Due to simplified design, small business restructuring is significantly less costly than a voluntary administration.
How we help
Difficult business or personal financial situations
We operate as specialists in a unique sector, dealing with bad debts and distressed businesses and personal finances. We have the tools and framework to lead all parties through choppy seas. Tough situations often mean honest conversations and we will never shy away from the straight talk that insolvency demands.
We're here to help
We speak with people and their advisors every day. We do this as omplimentary and without expectation.
Jason Bettles
Principal, Gold Coast, Northern NSW
Aaron Lucan
Principal, Western Sydney, Central West
Stephen Hundy
Principal, Canberra, Wollongong
Matthew Kucianksi
Principal, Melbourne, Ringwood
Matthew Kucianksi
Principal, Melbourne, Ringwood
Mervyn Kitay
Principal, Perth