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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. 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 |
|---|---|
Small Business Debt Helpline | A guiding service offering free financial counselling for small businesses in hardship, helping navigate debt and cash flow troubles. |
NSW Small Business Commission Mediation Service | Mediation services for small businesses in financial strain due to disputes, especially within the building and construction industry. |
Is Your Business Experiencing Financial Difficulty? - AFSA | AFSA's guide for small businesses facing financial difficulties, offering direction for debt management and legal responsibilities. |
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