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What our clients say about us

Our numbers only tell half the story, below are comments from recent clients we’ve helped

SENIOR EXPERTS

Your case managed by senior experts

Our senior experts possess immense industry knowledge and experience to get you the best results possible

Andrew Spring

Andrew Spring

Partner

Andrew has over 19 years experience in corporate recovery and insolvency gained through working in Australia and the UK, where he assisted distressed businesses.

In 2015 Andrew received the Consultant of the Year NSW Pinnacle Award from the Australian Institute of Credit Management.

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Chris Baskerville

Chris Baskerville

Partner

Chris believes there are solutions to every problem and he focuses on finding commercial outcomes in his business dealings. He also prides himself on being a connector of like-minded people in business.

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Bradd Morelli

Position: Managing Partner (National)
Phone: (02) 4965 6500 or (02) 9238 8222
Email: [email protected]
Categories: Partner
Location: NSW

While Bradd’s work spans most industry sectors and business types, he has significant experience within the film and entertainment industries, including working with high-profile personalities.

Bradd Morelli

Managing Partner (National)

While Bradd’s work spans most industry sectors and business types,...

Managing Partner (National)

While Bradd’s work spans most industry sectors and business types,...

Andrew Spring

Position: Partner, NSW
Phone: (02) 9238 8222
Email: [email protected]
Categories: Partner
Location: NSW

Andrew has a wealth of experience in all facets of domestic and international business restructuring and insolvency. Andrew has over 19 years experience in corporate recovery and insolvency gained through working in Australia and the UK, where he assisted distressed businesses.

Andrew Spring

Partner, NSW

Andrew has a wealth of experience in all facets of...

Partner, NSW

Andrew has a wealth of experience in all facets of...

Chris Baskerville

Position: Partner, QLD
Phone: (07) 3152 0222
Email: [email protected]
Categories: Partner
Location: QLD

Chris believes there are solutions to every problem and he focuses on finding commercial outcomes in his business dealings. He also prides himself on being a connector of like-minded people in business.

Chris Baskerville

Partner, QLD

Chris believes there are solutions to every problem and he...

Partner, QLD

Chris believes there are solutions to every problem and he...

Glenn Crisp

Position: Partner, VIC
Phone: (03) 8605 7333
Email: [email protected]
Categories: Partner
Location: VIC

Glenn has extensive investigative experience regarding the conduct of company directors and management.

Glenn Crisp

Partner, VIC

Glenn has extensive investigative experience regarding the conduct of company...

Partner, VIC

Glenn has extensive investigative experience regarding the conduct of company...

Jimmy Trpcevski

Position: Partner, WA (WAIS)
Phone: (08) 9463 3046
Email: [email protected]
Categories: Partner
Location: WA

Jimmy has strong communication and interpersonal skills including managing existing relationships and developing and expanding new relationships. He has managed and been appointed to a number of large and complex external administrations across a diverse range of industries and jurisdictions.

Jimmy Trpcevski

Partner, WA (WAIS)

Jimmy has strong communication and interpersonal skills including managing existing...

Partner, WA (WAIS)

Jimmy has strong communication and interpersonal skills including managing existing...

Malcolm Howell

Position: Partner, VIC
Phone: (03) 8605 7333
Email: [email protected]
Categories: Partner
Location: VIC

Malcolm’s experience as a corporate regulator and investigator gives him an edge when conducting investigations and preparing evidence briefs relating to breaches of the law.

Malcolm Howell

Partner, VIC

Malcolm’s experience as a corporate regulator and investigator gives him...

Partner, VIC

Malcolm’s experience as a corporate regulator and investigator gives him...

Trent Devine

Position: Partner, NSW/QLD
Phone: (02) 9236 8333
Email: [email protected]
Categories: Partner
Location: NSW, QLD

Trent has more than 20 years insolvency industry experience and excels at forming strong relationships with clients to ensure the best outcomes that fit with their overall aims. Always transparent, Trent believes in honestly appraising each situation based on its merits and advising accordingly.

Trent Devine

Partner, NSW/QLD

Trent has more than 20 years insolvency industry experience and...

Partner, NSW/QLD

Trent has more than 20 years insolvency industry experience and...

SBR FAQS

Your questions answered

What is a restructuring plan?

It is an agreement between your company and your creditors. There is no set plan, which means they are able to be very flexible. Usually, these plans involve a one-off contribution from someone such as a director, which is paid to creditors by the restructuring practitioner.

Who prepares the SBR plan and how long is the process?

Your SBR practitioner, in consultation with you, has 20 business days to draft a restructuring plan that your creditors will vote on (This can be extended by up to 10 business days). Once presented, your creditors then have 15 business days to accept or reject it. While they are deciding, your business can continue to trade.

What types of debt are included in the SBR plan?

All unsecured debts that were incurred prior to your company entering restructuring are included, with the exception of employee entitlements that are not yet payable, such as leave and redundancy payments. If your company incurs debts after it enters restructuring, these debts do not form part of the plan and need to be paid off outside the plan.

Do all employee entitlements need to be paid?

Yes. The business must pay any employee entitlements which are due and payable before a
plan can be proposed to creditors.

How do I know if my business is eligible?

Eligibility must satisfy these conditions:

  • Total debts not exceeding $1 million
  • Be insolvent or likely to become insolvent
  • Employee entitlements are up to date
  • Tax Office lodgements are up to date. Note you can still have money outstanding
  • The company must not have previously used the small business restructuring process or the simplified liquidation process within the past 7 years

Use our Eligibility Checker

What if my business is not eligible?

Alternative solutions might be possible such as:

  • Safe Harbour
  • Voluntary Administration
  • Creditors Voluntary Liquidation

Best to contact one of our experts to discuss your options.

What if my SBR plan is not accepted?

If your plan is rejected, then the restructuring process is over. While you remain in control of your company, your creditors are able to enforce their rights. Your protection from liability for insolvent trading also ends. Your options now include voluntary administration or liquidation.

What is the cost to undertake SBR?

The fee of the Restructuring Professional for developing the restructuring plan and liaising with Creditors about the SBRP is agreed and fixed up-front.

How do I begin the process?

First you appoint a small business restructuring practitioner who needs to be a registered liquidator. They will act on your behalf during this process and ensure you are compliant with the following:

  • Employee entitlements that are due have been paid, excluding leave and other entitlements not currently due to be paid.
  • Tax lodgements are up to date.

What our clients say about us

Our numbers only tell half the story, below are comments from recent clients we’ve helped