Before considering liquidation, explore your alternatives. Darren Vardy explains small business restructuring and voluntary administration - two processes that can save businesses and provide better outcomes for creditors. Learn the eligibility criteria, processes, and why timing is absolutely critical for success.

Key Topics Covered:

• Small Business Restructuring Plan eligibility and process

• Voluntary Administration and Deed of Company Arrangement

• Key differences between restructuring options

• Eligibility criteria and timing considerations

• How these alternatives provide better creditor returns

• Real examples of successful business restructures

Key Takeaways:

✓ Small business restructuring requires debts under $1M and current compliance

✓ Voluntary administration involves external control but can save businesses

✓ Both alternatives aim to provide better returns than liquidation

✓ Early action is crucial - waiting reduces available options

Who Should Listen: Business owners with financial difficulties, professional advisors, lawyers specialising in corporate recovery, and accountants with struggling clients.

Who Should Listen: Business owners, company directors, lawyers, accountants, and anyone wanting to understand financial distress warning signs.

About the Host:

Darren Vardy - Managing Director of Insolvency Options and Registered Liquidator with over 30 years of experience in business recovery and debt solutions. Darren has helped thousands of businesses and individuals navigate financial distress and find practical solutions to complex problems.

Connect With Us:

• Website: insolvencyoptions.com.au • Phone: 1800 463 328 • LinkedIn: https://www.linkedin.com/in/darrenvardy/

Subscribe & Follow:

Don't miss future episodes! Subscribe to i.O. - Insolvency Options

Like this episode? Please leave a review and share with colleagues who might benefit from these insights.

Co-host: Anthony Perl

Produced by: Podcasts Done For You