Small Business Restructuring Plan
A simplified restructuring process for small businesses with debts under $1 million — directors remain in control while a restructuring plan is developed and voted on by creditors. Far less disruptive than liquidation.
Official source
asic.gov.auRelated topics
small business restructuring · sbr · restructure · insolvency · small business · debt plan · restructuring practitioner · under 1 million · small business debt relief · avoid liquidation · creditor agreement · business rescue plan · company restructure · debt negotiation small business · stay solvent · business turnaround · company · abn · asic · bankruptcy · debt agreement
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