Expert strategies for SBR success
Unlock the Secrets of Small Business Restructuring (SBR) with Expert Guidance
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.
SMALL BUSINESS RESTRUCTURING (SBR)
What is it, how does it help your clients?
Reset: SBR allows companies to reset their financial position.
Compromise: The process involves compromising creditor claims.
Control: The directors remain in control of the company during SBR.
Timely: SBR is a timely solution for businesses in financial distress.
Cost-effective: It is a cost-effective option for companies compared to insolvency.
Profitability: SBR maximizes the chances of the company trading profitably in the future.
Limited: Businesses and directors can only undertake B R (or simplified liquidation) once every 7 years.
Small businesses fuel our economy, and their resilience is key. To tackle the rise of small business tax debt, the Australian Government has introduced the small business restructuring process, which offers a lifeline to struggling small businesses, enabling them to keep their doors open and create a plan to reduce their debts
No bankruptcy, keep your client's business running
Voluntary Administration
- Variable Cost
- Directors don’t retain control
- Not designed for small business
- Company doesn’t returned to directors if deail fails
- Rough cost before plan contribution $60,000 - $150,0000
- Duration 35 bus. days
- Level of investigation and reporting High
Small Business Rstructuring
- Fixed Costing
- Directors retain control
- Designed for small business
- Company returned to directors if deail fails
- Rough cost before plan contribution $5k - $10k
- Duration 20 bus. days
- Level of investigation and reporting Low
The AusGov Small Business Restructuring (SBR) 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
Real Aussie Case Studies
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After SBR
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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.