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

Directors who want to try to save their business may choose to restructure company debt while retaining control of business operations and creditor relationships.

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

Jason Bettles

Principal, Gold Coast, Northern NSW

Aaron Lucan

Principal, Western Sydney, Central West

Aaron Lucan

Principal, Western Sydney, Central West

Stephen Hundy

Principal, Canberra, Wollongong

Stephen Hundy

Principal, Canberra, Wollongong

Matthew Kucianksi

Principal, Melbourne, Ringwood

Matthew Kucianksi

Principal, Melbourne, Ringwood

T: 03 9613 5518

F: 03 9613 5599

EMAIL Matthew

Mervyn Kitay

Principal, Perth

Mervyn Kitay

Principal, Perth

Business can be tough

Our team is focused and ready to help

Contact a Principal

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