Visit our dedicated small business restructuring site for small business owners facing financial distress.
Small Business Restructuring (for advisors & accountants)
Small Business Restructuring (SBR) is a formal process that may let an eligible small company propose a plan to its creditors while the directors stay in control of day-to-day trading. It is one of several options for a company in financial difficulty, not a guaranteed fix, and whether it suits depends on the company's eligibility, debts and creditors. TTJ Advisory helps advisers and directors work out whether it is the right path.
WHO IS THIS FOR?
This TTJ page is written mainly for accountants, bookkeepers, advisers and lawyers supporting small business clients. Distressed business owners themselves are usually better served by the Restructure My Small Business pathway, where the language is plainer and built for people under pressure.
IN DETAIL
Aimed at aiding small businesses in financial turmoil, our approach empowers company directors and management to maintain operational control while under the advisory of a restructuring practitioner like TTJ advisory.
The primary goal of the Small Business Restructuring Procedure is to offer a structured timeframe, not exceeding 3 years, within which directors can present a viable plan to creditors. This plan focuses on settling outstanding liabilities, either partially or in full, based on negotiated terms.
The adherence to the Small Business Restructuring eligibility criteria is stringently monitored. It's advisable to consult with professionals to evaluate if this strategy aligns with your business’s needs and to confirm eligibility.
HOW TTJ CAN HELP
Thyge is directly involved in TTJ's small business restructuring matters; this is not a form-fill debt product. We work through the company's actual position with the director and adviser, assess honestly whether SBR is suitable or whether another option fits better, and where it is appropriate help develop a plan and guide the matter carefully through the formal requirements.
WHEN TO SEEK HELP
Raise it early if a client has growing ATO debt, unpaid superannuation, creditor pressure, cash-flow strain, overdue lodgements or a director starting to worry about insolvency. SBR has eligibility limits and timing matters, so it is better assessed before the position deteriorates.
OUR PROCESS
Most SBR matters follow a similar shape, but the detail and the judgement calls differ for every business. The steps below show how TTJ generally works through one, with the director and their adviser involved throughout.
Important Considerations
Nothing here should be read as a guarantee of debt reduction, creditor acceptance or business survival, and SBR is not automatically better than other options. Eligibility, plan terms and outcomes all depend on the company's circumstances and must be confirmed for the specific matter.
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AUSTRALIA
Thyge Trafford-Jones
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Principal — ASIC Registered Liquidator (No. 458321) · AFSA Registered Trustee (No. 1582)
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Member, Australian Restructuring Insolvency & Turnaround Association (ARITA)
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Member, CPA Australia
TTJ Advisory is a registered business name of Restructure My Small Business Pty Ltd (ACN 670 511 476).
Liability limited by a scheme approved under Professional Standards Legislation.
© 2026 TTJ Advisory.
TTJ Advisory acknowledges the Traditional Custodians of the land on which we operate, live and gather as employees, and recognise their continuing connection to land, water and community. We pay respect to Elders past, present and emerging.
