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Imagine small business restructuring as a superhero for your company, swooping in to bring positive vibes and a clear plan for success. It's like having a friendly guide showing you the way to unleash the full power of your business. In a nutshell, think of it as a super tool that not only boosts your performance but also sets you on the path for long-term triumph.
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Key Benefits of Small Business Restructuring Early Intervention A small business restructuring plan (SBRP) enables businesses to seek viable help. Simplified Method SBRPs make reorganisation easier and more manageable for smaller companies than conventional alternatives. Enhanced Economic Stability It facilitates struggling enterprises' debt consolidation and is designed to make restructuring more affordable for small businesses than traditional insolvency. Maintaining Authority During a restructure, directors maintain control of their companies. It helps viable businesses continue trading while addressing their financial difficulties. Insolvency Moratorium for Creditors Creditors, including government agencies like the ATO, are barred from pursuing legal action to recover debts during the SBR process. Debt Restructuring By entering the SBR process, small businesses can put a plan to their creditors to restructure their debts. www.rodgersreidy.com www.rodgersreidy.com 1300 747 577 1300 747 577
