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Find out if Small Business Restructuring can help your business

Follow the steps below to find out if you qualify and learn how to get started.

What is Small Business Restructuring?

Small Business Restructuring, refers to the process where a company reorganises its operations, structure and/or finances in order to address financial distress and improve business performance.

This usually involves an agreement with creditors to pay part or all of the amounts it owes in a lump sum or instalment's over an agreed period of time. For Australian businesses, and particularly smaller companies, a business restructure can be a significant strategic decision.

It provides a formal framework to handle admissible debts and propose a plan for creditors. This is especially relevant for companies on the brink of becoming insolvent or who would be insolvent if the business restructure did not proceed.

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