Small Business Restructuring

Your trusted SBR specialists. Our team of Small Business Restructuring practitioners can reduce your debt and keep your business running.

Small business restructuring support
Step by step guide

We’re with you, every step of the way…

The simplified restructuring process allows small business owners to continue operating their company for up to 35 business days while a debt restructuring plan is agreed to between owners and suppliers.

Our Process

Our Small Business Restructuring Process

Eligibility Application

Speak with our Small Business Specialists to learn about SBR and find out if you’re eligible for the program.

Restructuring Practitioner

Once eligible. We will request a balance sheet, and match you with a Restructuring Practitioner.

Prepare Plan

Our SBR Practitioner works with you, your accountant and your business to build the right plan.

Plan Approval

Once agreed, the Practitioner submits
your plan to creditors for approval.

Plan Execution

The plan is carried out, debts are paid, and you continue to run your business.

Eligibility criteria

Is My Business Eligible?

To be eligible, your business must:
Eligibility criteria


John operates a hardware store through a company, J&C Hardware Pty Limited. The store has 3 years to go on its lease, which is $48,000 a year.

John also employs two staff who earn $42,000 and $28,000 each. He currently owes suppliers $80,000 for inventory and the ATO $60,000 in unpaid GST. The company also owes John’s parents $400,000 when he bought the business from his father 5 years ago.

Eligibility criteria

Is J&C Hardware eligible for the small business restructuring process?

Given the debts are less than $1.0M, the company meets the first part of the eligibility criteria. Before the plan is proposed, the company must also pay monies owed to employees and lodge its outstanding BAS and tax returns.

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Unpaid rent to the end of lease
Wages owed to staff (one month)
Related creditor
Total Creditors

Our Fixed Fee Charges

$5,000 (plus GST)

a payment of $5,500 (inc GST)
payable to engage an Olvera First Practitioner to create your SBR Plan.

$5,500 (plus GST)

a payment of $5,500 (inc GST)
payable to execute the plan to creditors and negotiate your SBR Plan.


Variable Fees

If the plan is agreed upon with the supplier, then a further fee is payable based on a percentage of the amount to be distributed to the supplier. The percentage agreed depends on the amount of work to be undertaken. This fee will normally range between 5% and 10% of distributions.

Case Studies

Olvera First Case Studies

Need Help?

Frequently Asked Questions

A small business restructuring practitioner oversees the debt restructuring, but the company’s directors remain in control of the business. The small business restructuring practitioner assists the company to:

  • prepare its restructuring plan and restructuring proposal statement; and
  • circulate the restructuring plan and restructuring proposal statement to creditors.

The practitioner must also certify to suppliers that they believe the company is eligible for restructuring, and that the company is likely to be able to meet its obligations under the plan. They must take reasonable steps to verify this. Once a plan is made, the small business restructuring practitioner manages the disbursement of payments to the company’s creditors based on the terms set out in the plan.

An insolvent company engages a small business restructuring practitioner (SBRP) to assist with the process. The SBRP confirms the company is eligible to access the restructuring process, with the directors of the company then officially appointing the SBRP in writing.

A letter is sent to suppliers advising that the process has commenced which starts the protection period and a restructure plan is developed.

The directors of the company prepare the restructuring plan in the approved form with the assistance of the restructuring practitioner.

The restructuring plan sets out how a company’s supplier would be repaid if the plan were made. For example, the plan could specify how suppliers will be repaid as a proportion of the debt owing to them, or what ‘cents in the dollar’ they will receive.

The plan is accompanied by a restructuring proposal statement, which includes a schedule setting out the company’s suppliers, and the amount they are owed by the company.