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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 |
|---|---|
ATO's Directors Penalty Notice Information | An explanation of the Director Penalty Regime, how directors can become personally liable for unpaid company tax debts, and why acting early matters. |
AFSA's Guide on Personal Bankruptcy and Company Liquidation | This guide, created jointly by AFSA in collaboration with ASIC and ARITA, offers essential insights into how personal bankruptcy and company liquidation interact. |
AFSA's Dealing with Debt | AFSA provides strategies and insights for small businesses grappling with debt management and the implications of bankruptcy. |
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