You Signed a Personal Guarantee. Your Partner's Name Is on It Too.
If you've signed a personal guarantee on a business loan, your partner may be exposed to that debt too — even if they didn't fully understand what they signed. The family home, joint accounts, and personal credit could all be at risk.
No obligation. No credit check. No upfront cost.
Protect Your Family Home. Deal With the Debt Behind It.
When a personal guarantee ties your family's assets to business debt, the risk doesn't stay with the company. Depending on your situation and eligibility, there may be structured options to address the debt and reduce exposure on your home.
Small Business Restructuring
A formal process under the Corporations Act 2001 that may allow eligible Pty Ltd companies to propose a plan to deal with debts — while directors remain in control and the business continues to trade.
- ✓ Directors may retain control of business operations
- ✓ Business can generally continue trading during the process
- ✓ A practitioner-guided plan is proposed to creditors
- ✓ May address ATO debts, supplier accounts, and business loans
- ✓ Preparation support and accountant coordination included
Eligibility criteria apply. Company must be incorporated (Pty Ltd) with total debts under $1M excluding employee entitlements, and tax lodgements must be current.
CreditShield
A family wealth protection package that registers a second mortgage on your property title — creating a recorded interest that sits ahead of later creditors, and may reduce their incentive to take aggressive action against your home.
- ✓ Registered on title — time-and-date stamped, not just paperwork
- ✓ May reduce the "available equity" visible to other creditors
- ✓ The structure may influence how creditors assess their recovery options
- ✓ Can be put in place quickly with supporting security documents
- ✓ Holds assets for the benefit of your direct lineage/beneficiaries
CreditShield does not constitute legal advice. The effectiveness of any asset protection strategy depends on individual circumstances including timing and the nature of debts involved. Independent legal advice is recommended.
These services can work independently or together — depending on your situation. Some directors need to restructure business debt. Others need to protect personal assets from creditor exposure. Many benefit from both. Your eligibility check will help determine what may apply.
Options depend on eligibility and individual circumstances.
Protect Your Home. Start Here.
Complete a short eligibility check — it takes under 30 seconds. Our team will review your situation and contact you to discuss what options may apply.
Small Business Reboot and CreditShield do not provide legal advice. Information on this page is general in nature and should not be relied upon as a substitute for professional legal, financial, or tax advice. Eligibility for Small Business Restructuring is subject to criteria under the Corporations Act 2001. CreditShield outcomes depend on individual circumstances. For specific legal advice relating to CreditShield documents, contact Abbott & Mourly Lawyers.
Contact Us
Speak with our team about your restructuring options.
Phone
Head Office
117/530 Little Collins Street
Melbourne VIC 3000
Australia
