- Is the company insolvent or likely to become insolvent?
- Are tax lodgements up to date? *
- Are employee entitlements up to date? *
- Are liabilities under $1 million, excluding employee entitlements?
- Company has not been subject to a simplified liquidation or SBR in the previous 7 years?
- Directors, including former directors acting in the preceding 12 months, have not been involved in a simplified liquidation or SBR in the previous 7 years?
- Is the entity incorporated underthe Corporations Act 2001?
* up-to-date as at the commencement of the SBR, or will be up to date before the restructuring plan is proposed.
If you answered yes for all of the checklist you may be eligible for an SBR. Eligibility is a strict test and we encourage you to reach out to our team to see if this process is right for you and your business.
If you answered no to some or all of the above, please contact us at Business Rescue Solutions for a solution tailored to your needs.