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Has SBR evolved to become simpler and more consistent now compared to when it was first introduced?

Has SBR evolved to become simpler and more consistent now compared to when it was first introduced?

The Small Business Restructuring process has become clearer and more consistent as more people have experienced it. Education for accountants and referrals has improved. Preparation is key, with financials and profit/loss accounts needing to be updated before meeting a restructuring practitioner.

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Any or all of these reasons for business owners with a Pty Ltd company who:

  • have closed or are likely to close their business without any money left 
  • cannot afford $15,000 but want to place their company into liquidation  
  • want to do the right thing and inform their creditors properly about the business closing down 
  • want to draw a line in the sand so they can get on with their future.

If you have personal assets you want to protect, like a family home or director’s guarantees, this may not be for you, but you should ask us.

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