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Small Business Restructuring: we help you navigate the maze

As Small Business Restructuring Practitioners, our Registered Liquidators ensure you benefit from the insolvency reforms.

Jirsch Sutherland’s Registered Liquidators have vast experience in restructuring small businesses and are legally able to act as Small Business Restructuring Practitioners (SBRPs) for viable but financially distressed companies with total debts not exceeding $1 million, as per the Corporate Insolvency Reforms that came into effect on January 1, 2021.

With a Jirsch Sutherland SBRP, you can benefit from the reforms, which are designed to help COVID-19 impacted companies recover, by offering simpler, faster and lower cost debt restructuring and liquidation.

Acting as your SBRP, a Jirsch Sutherland SBRP will liaise with your creditors, conduct an investigation of your company’s financial situation, and prepare and present a restructuring plan to your creditors within the tight 20-day timeframe. While this takes place, you are able to stay in control of your company and continue to trade, giving it a better chance of recovery. If the plan is accepted by at least 50 per cent of your creditors by value, your SBRP also actions it. You also have peace of mind knowing you and your company will stay compliant during this process as, with any legislation, the insolvency reforms come with a myriad of complex requirements and regulations, particularly eligibility criteria.

Contact us now for an obligation-free consultation with an expert advisor


NEED ASSISTANCE?

Our services are designed to lead to a fair result, with minimum fuss and maximum speed. For a FREE no-obligation chat please call 1300 547 724.

CONTACT US FOR ASSISTANCE WITH SMALL BUSINESS RESTRUCTURING

Jirsch Sutherland