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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 |
|---|---|
NSW Government's Business Connect Program | Lifeline provides round-the-clock, empathetic crisis support through various communication channels. |
ATO's Directors Penalty Notice Information | Comprehensive guidance for winding up companies and trusts, detailing voluntary and ASIC-initiated deregistration procedures. |
Small Business Debt Helpline | Mediation services for small businesses in financial strain due to disputes, especially within the building and construction industry. |
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