Helping Small Businesses
Navigate Debt Restructuring
with Confidence
What is the Small Business Restructuring Process?
With the right approved restructuring plan, you will:
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Remain in control of all accounts and the business during the process.
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Reduce your debt burden by negotiating with creditors.
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Avoid Voluntary Administration or liquidation or having to pay the full amount of debt.
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Eliminate stress by knowing that your business has a clear, guided path to recovery and growth.
Small Business Restructuring (SBR) is government Legislation and designed to be simple, cost-effective, and tailored specifically for small businesses. By leveraging the SBR you can take proactive steps toward securing your financial future without the drastic consequences.
How the Small Business Restructuring Process Works
A Small Business Restructure (SBR) is designed to provide a straightforward, accessible path for small businesses to regain financial control. Here's how the process typically unfolds:
Qualification Check
Does the company qualify for the SBR thresholds:
- Unsecured creditor debts under $1 million threshold excluding fully secured debts?
- Is employee superannuation up to date OR can be bought up to date?
- Are lodgements up to date (not payments just lodgements) OR can they by bought up to date?
Use our quick Qualification Test to see if you qualify.
Develop a Restructuring Plan
Once a Director is fully informed on all aspects of SBR a fully briefed Restructuring Practitioner is engaged to develop the Restructuring Plan. This plan will detail your business's financial position, outline repayment terms, and propose a strategy for managing the reduced debts.
Submit the Plan to Creditors
Completion of the Plan
Upon successful completion of the plan, your business will be released from the remaining debts covered by the agreement, allowing you to move forward with renewed financial stability.
By following these steps, your business can avoid the more severe outcomes of insolvency, such as liquidation or voluntary administration, and regain control of its financial future.
By following these steps, your business can avoid the more severe outcomes of insolvency, such as liquidation or voluntary administration, and regain control of its financial future.
Talk to a Restructuring Specialist
Why Choose
Simple Debt Restructures?
When your business is facing financial distress, choosing the right support can make all the difference. At Simple Debt Restructures, we specialise in helping small businesses navigate the government’s Small Business Restructuring Process (SBRP) with confidence and clarity. That's why businesses across Australia trust us to help them regain control.
What Makes Us the Right Choice?
Expert Guidance You Can Trust
Our team is highly knowledgeable in financial recovery options, particularly the SBRP. We understand the complexities of business debt and will walk you through every step of the restructuring process, ensuring you know your options and have a clear plan in place.
Tailored Solutions for Your Business
Empathy and Understanding
Transparent and Straightforward Process
Access to Licensed Practitioners
Take the First Step Toward Financial Recovery
Don’t let financial stress control your business. Take action today by checking if you qualify for the Small Business Restructuring Process or speaking with a specialist.
We’re here to help you find the right solution and get your business back on track.
Understand the Legislation Behind Small Business Restructuring
The Small Business Restructuring Process (SBRP) is governed by legislation that was introduced by the Australian Government in response to the financial challenges faced by small businesses. This process offers a clear, legally supported framework that allows struggling businesses to restructure their debts while continuing to trade.
Corporations Act 2001 (Cth)
The SBRP is part of amendments made to the Corporations Act, which sets out the rules and requirements for small businesses seeking debt restructuring. These changes provide a streamlined, cost-effective process tailored specifically for businesses with liabilities under $1 million.
Bankruptcy Act 1966 (Cth)
While the Bankruptcy Act governs personal insolvency, its principles influence small business restructuring where individuals and directors are involved. The SBRP allows business owners to avoid the harsher outcomes of insolvency, such as bankruptcy or liquidation.
Simplified Debt Restructuring Factsheet
Your Rights and Obligations
The legislation ensures that business owners have the right to remain in control of their operations while working on a restructuring plan. However, it’s also important to understand that there are strict eligibility requirements and deadlines that must be met to remain in compliance.
Creditors are also protected under the legislation, ensuring they receive fair treatment during the restructuring process, with their interests considered in any repayment plan.
Avoid Voluntary Administration and Liquidation
One of the key goals of this legislation is to provide an alternative to Voluntary Administration and Creditors' Voluntary Liquidation. By using the SBRP, business owners can avoid handing over control to external administrators, giving them more time and flexibility to find a sustainable financial solution.
Take Control of Your Business’s Future Today
Your business’s financial health is too important to leave to chance. With the Small Business Restructuring Process (SBRP), you can take proactive steps to resolve your debts and regain control of your company—without resorting to liquidation or administration.
Whether you're unsure about eligibility or need guidance on how to get started, we’re here to help you take the first step.
Ready to Restructure?
Don’t wait until it’s too late. Find out if your business qualifies for the Small Business Restructuring Process. Take our quick and easy qualification test and get started on the path to financial recovery.
Have Questions? Speak to an Expert
Need advice on your next steps? Contact our team for a confidential consultation and learn how the Small Business Restructuring Process can help your business turn things around.
