Small Business Restructures: navigating the current economic climate
from Beyond the Numbers with Grant Thornton Hosted by Grant Thornton Australia
The Small Business Restructure (SBR) regime came into force at the beginning of 2021 as a cost-effective method for distressed businesses to reorganise and negotiate businesses debts up to $1m. While this restructuring tool was underutilised during the COVID-19 pandemic, there’s recently been an increase in the adoption of SBRs as a restructuring tool by distressed businesses. So, what’s the reason for this recent uptick, and how can small businesses under pressure start the process? 🎧Follow Beyond the Numbers on Apple Podcasts or Spotify 🗒️John McInerney's LinkedIn 🗒️Cameron Crichton's LinkedIn
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