Small Business Restructuring (or SBR) is simplified and efficient legal process that allows an eligible small and medium businesses to make an offer to its creditors to settle its debts.

Benefits

SBR provides a number of advantages over other formal restructuring options for small businesses

• SBR’s have significantly lower cost compared to other forms of formal restructuring. Costs are generally in the range of $10,000 to $30,000 depending once complexity.

• The Director maintains control of their business through the SBR process, allowing the business to continue trading as normal.

• The process is over in 35 business days and provides a clear outcome at the end of the period.

• There is no automatic transition to Liquidation if the offer is not accepted by creditors.