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Visit our dedicated small business restructuring site for small business owners facing financial distress.
Temporary relief periods (or temporary debt protection (TDP)) provide a crucial breathing space, akin to finding calm waters amidst a storm. This 21-day grace period, granted in the face of a creditor's court order, allows businesses a moment to restructure their finances and thoroughly consider all available routes to fulfil their obligations.
Further Reading
Title | Short Summary |
|---|---|
ATO's Directors Penalty Notice Information | |
AFSA's Dealing with Debt | A guiding service offering free financial counselling for small businesses in hardship, helping navigate debt and cash flow troubles. |
Deciphering A Credit Report | It also has a downloadable form ADVISE OF TAX RETURN if you choose to use an OFFICIAL TRUSTEE as your trustee. |
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