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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 |
|---|---|
SBR eBook for Small Business Owners | A plain-English introduction to Small Business Restructuring for business owners: what the process involves, who may be eligible, and how it differs from other options. |
SBR eBook for Accountants | A step-by-step guide to Small Business Restructuring for accountants and advisers: how the process works, who may be eligible, and how to support clients in distress. |
Insolvency Fact-checker | An interactive tool to help directors and small business owners gauge whether a company may be insolvent and consider early next steps. A starting point, not a substitute for advice. |
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