Struggling with Business Debt?

Small Business Restructure (SBR) might just be the solution for your business

We can help!

If your business is struggling with overwhelming debt, and cash flow issues, a SBR solution may be the answer to your problems.

At Viden Advisory, we can help guide you in the right direction to find out if you qualify. We will navigate you and your business through the process to give you the space to focus on what is important to you.

Ready to Get Your Business Back on Track?

Call us to check if your company is eligible for restructuring

What is Small Business Restructuring and how can it help your business?

The restructuring process allows an eligible company to retain control of their business, property, and affairs of the company, while it develops a plan to restructure the company’s affairs with the assistance of a restructuring practitioner. This involves reducing debt to get the business back on track.

What are the Benefits for you?

  • As a Director, you will stay in control of your business
  • Puts a halt on any creditor actions while the restructure is being finalised
  • Reduce your debt and implement manageable payment schedules
  • Allows you to remain trading, retain staff and get back to doing what you do best!

Want to know more, contact us

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    Commonly Asked Questions

    1. the Company’s total liabilities do not exceed $1 million (liability is taken to mean any liability or obligation, including contingent debts)
    2. no director or former director in the last 12 months has been a director in the last 7 years of a company that has used the simplified liquidation or debt restructuring processes
    3. the company’s tax lodgments are up to date
    4. employee entitlements are paid up to date

    The restructuring proposal period generally lasts for 20 business days beginning on the day the restructuring begins, unless it is ended earlier or is extended.

    Upon commencement of the restructuring process, affected creditors cannot continue or commence court or other recovery action against the Company.

    The directors of the company have control of the company’s business, property and affairs.

    The restructuring practitioner acts as the company’s agent.

    Viden Advisory can help you and your Business to find the best course of action for you.  We can put you in touch with the right expert to get tailored advice based on your circumstances.