Renegotiating ATO debt with Small Business Restructuring
Our Solutions
Corporate restructuring is a complicated area and can involve a range of possible solutions. But it is not a-one-size-fits-all situation. You need experienced restructuring professionals who know the tricks and traps of the processes.
New solution – highly recommended and highly successful
Small Business
Restructuring
A new formal restructuring process was introduced in 2021 specifically designed for small companies. It is simpler, quicker and cheaper than Voluntary Administration. It allows a small businesses to restructure its debts while the directors remain in control of their business.
Voluntary
Administration
Voluntary Administration can be an excellent solution for a company in financial difficulty. VA provides a company with a one month breathing space to negotiate with creditors to arrive at an agreement to save a business.
Safe Harbour
Protection
Safe Harbour Protection allows directors to address a company’s financial difficulties behind-the-scenes. Directors can get on with dealing with a restrurturing whilst avoiding being personally liable for company debts under insolvent trading laws.
Debt Negotiation – Bank /
ATO / Creditors
Often a company has an optimistic trading outlook but is struggling under a debt burden from the past. Where there are only a few major creditors (such as a Bank, the ATO or a major trade creditor) then negotiation directly with those creditors is the best option.
Bank Refinancing/
Haircut
If you are struggling to obtain a bank roll-over of your business debt, and your Broker can not obtain a refinance elsewhere, then you are in need of a specialised skill set that can deliver a refinancing, a haircut for the bank and possible some other innovative debt structuring.
Company
Restructuring
Company Restructuring is a process where a company develops and implements a restructuring plan to improve its financial position to save the business. It will involve improvements in business operations and works with some or all of a company’s creditors. The restructuring process need not follow any set formula or timing.
Information Centre
Need more help? Search our Information Centre by topic
Voluntary Administration Process
Restructuring Process
Informal Restructuring
Director Penalty Notices
Is my Company insolvent?
Liquidation Process
Safe Harbour Restructuring
Insolvent Trading
Tax
Problems
Online Assessment & Solution
Where do you turn when things start to go wrong?
Until now there hasn’t been a one-stop-shop for a director to get a practical understanding of their situation and the solutions available.
At Restructuring Works, we focus on the issues facing the decision maker – the company director.
Watch the video to hear from one of our Restructuring Experts.
Credentials
Our professional memberships
Chartered Accountants
Members in-house
Association of Independent
Insolvency Practitioners
Board Member in-house
Turnaround Management
Association
Members in-house
Australian Restructuring Insolvency & Turnaround Association
Members in-house
Contact Us
Restructuring Law can be a complex area and circumstances vary, so we recommend a telephone call for your initial consultation. We will then gladly meet you or just confirm our advice and quote in writing.
Please either give us a call or submit the form and we will get back to you.