Small Business Restructuring Process
Making Small Business a Priority
Using a team of small business restructuring practitioners can help reduce your debt and keep your business running.
95%
Approval Rate
80%
Avg Debt Relief
$0
Free SBR Training & Resources
Disclaimer
*Approval rate refers to plan approval.
All outcomes are subject to eligibility and proposals are subject to approval and consent of creditors.
The AusGov small business restructuring process
Voluntary Administration
- Variable Cost
- Directors don’t retain control
- Not designed for small business
- Company doesn’t returned to directors if deal fails
- Rough cost before plan contribution $60,000 - $150,0000
- Duration 35 bus. days
- Level of investigation and reporting High
Small Business Restructuring
- Fixed Costing
- Directors retain control
- Designed for small business
- Company returned to directors if deal fails
- Rough cost before plan contribution $5k - $10k
- Duration 20 bus. days
- Level of investigation and reporting Low
The AusGov small business restructuring process
Eligibility Application
Speak with our team of small business specialist’s to learn about small business restructuring, and assess your eligibility for the process.
Restructuring Practitioner
Now that you're eligible, we'll request some supporting documents and connect you with an Olvera First SBR Practitioner.
Prepare Plan
Our SBR Practitioner works with you, your accountant and the business to build the right plan for you and the creditors.
Plan Approval
Once agreed, the Practitioner submits your plan to creditors for approval.
Plan Execution
The plan is carried out, debts paid and / or repayments commenced, and you continue to run your business!
Case Studies
Olvera First Case Studies
Total Debt
After SBR
Debt Relief
Total Debt
After SBR
Debt Relief
Total Debt
After SBR
Debt Relief
Total Debt
After SBR
Debt Relief
Total Debt
After SBR
Debt Relief
Total Debt
After SBR
Debt Relief
Need Help?
Frequently Asked Questions
The Australian Bureau of Statistics (ABS) defines a small business as a business employing fewer than 20 people. Categories of small businesses include:
- Micro-businesses – businesses employing between 1 to 4 people (also includes non-employing businesses).
- Other small businesses – businesses employing between 5 to 19 people
Eligible, your business must:
- Be a company (not a sole trader)
- Have less than $1m in debt
A company is insolvent once it is not able to pay all the company’s debts when they become payable.
Warning signs that a company is insolvent include
- accruing losses
- cashflow difficulties,
- overdue taxes and lodgments
- legal issues
- difficulty gaining access to new credit
Become a Small Business Success Story
Liability limited by a scheme approved under Professional Standards Legislation.
The Principals at Olvera First are Registered Small Business Restructuring Practitioners and Registered Liquidators with ASIC.
Phone: (02) 8880 4070
Email: info@olverafirst.com
Website: olverafirst.com
Olvera First Pty Ltd ABN 34 640 364 496 and its subsidiaries/related parties, the owner of the website, whose registered office is Level 6, 9 Barrack Street NSW 2000.