What Does a Small Business Restructuring Practitioner Do? 📊

Описание: A Small Business Restructuring Practitioner (SBRP) plays a critical role in helping Australian businesses manage financial distress under the Small Business Restructuring (SBR) process.

🔑 Key Duties of an SBRP:
✅ Assess eligibility – Confirm whether the company qualifies for the SBR process under the Corporations Act.
✅ Develop the plan – Work with directors to prepare a realistic, legally sound restructuring plan.
✅ Creditor communication – Distribute the plan, manage voting, and handle disputes.
✅ Oversight & compliance – Ensure directors stick to the plan while staying in control of daily operations.
✅ Fund management – Collect and distribute payments to creditors fairly.
✅ Regulatory reporting – Report to ASIC on any breaches or misconduct.

💡 Unlike liquidators or administrators, SBRPs do not take control of the company. Directors remain in charge under a “debtor-in-possession” model, while the SBRP ensures the process is fair and compliant.

👉 If your business is struggling, The Insolvency Group’s experienced SBRPs provide expert, confidential guidance every step of the way.

📞 Free confidential advice: https://insolvencygroup.com.au

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