One of the many measures introduced by the Federal Government designed to mitigate the economic effects of the COVID-19 Pandemic has been the introduction of the Small Business Restructuring regime.
It is designed to assist Companies with Debts of under $1million to restructure and avoid possible liquidation.
Debt Solve Australia has access to a panel of Restructuring Practitioners. Call us today to explore this inexpensive option to keep control of your Company and trade out of your difficulties.
In Australia a Liquidation is the legal process for winding up a Company’s affairs, and applies to all Pty Ltd or Ltd Companies incorporated under the Australian Corporations Act.
A liquidation is used when your Company is unable to pay all its debts in full as and when they fall due. This means the Company is trading insolvently and needs to be dealt with. Other options now exist. Small Business Restructuring gives you the opportunity to keep control of your business and trade out of your difficulties.
If your Company cannot pay its bills on time, is experiencing cash flow problems, has a history of trading losses, is unable to pay its Tax obligations or Superannuation Guarantee obligations then it’s definitely time to call us to discuss all your options.
Please remember we are not Bankruptcy Trustees or Liquidators who are sworn to protect the interest of creditors – we work for you, the Director, and our aim is to protect your interests and make sure that we achieve the best possible outcome for you and your Business.
In many instances Liquidation can be avoided, and restructuring is a possible and better option. So, before you decide to appoint a Liquidator yourself, give us a call to ensure your best interests are protected.
Call us on 1300 803 290 for a Free Consultation