How Simplified Debt Restructuring Works.

A New System For Small Businesses

A Process Designed For SME’s

Simplified debt restructuring (“SDR”) is a process for insolvent small companies to restructure their businesses at a reduced cost to traditional insolvency appointments. SDR enables financially distressed but viable companies to restructure their existing debts so that they can continue to trade. Creditors are unable to enforce debts against a company subject to SDR.

Creating A Restructuring Plan For Creditors

At SBRA we work with you to create a personalised restructuring plan that will be submitted to your creditors. This is done with the best interests of your company in mind. With the goal to enable you to keep trading whilst consolidating your unsecured debts into a manageable plan. We have an extensive array of experience doing this across many industries.

There Are Four Stages In SDR

Pre-Appointment

Here we will assess your company’s eligibility for the process and assist directors in organising a time to make an appointment.

Restructuring Proposal

At this point we will work with you to develop a restructuring plan. The proposal period runs for around 4 weeks but can be extended by us for up to 2 weeks in reasonable circumstances.

Restructuring Acceptance

The acceptance period runs for around 3 weeks. During this time your company’s creditors can dispute the value of their claims and choose to accept or reject the restructuring plan.

Plan

Creditors will continue to be restricted in what they can do to recover the pre-plan debts from the company. The company will then be obligated to act in accordance with the restructuring plan by making payments to us in accordance with the plan.

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