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Visit our dedicated small business restructuring site for small business owners facing financial distress.
Stepping into bankruptcy can feel like entering a maze—full of twists, turns, and unexpected consequences. This guide from AFSA is like your personal Minotaur-defeating Theseus, offering a torchlight to illuminate the path ahead, showing you what to expect around each corner, with the reassurance of a hand on your shoulder.
In their comprehensive guide you will learn the following (*taken directly from the AFSA website):
Your name will permanently appear on the National Personal Insolvency Index (NPII)
Bankruptcy normally lasts for 3 years and 1 day from the day they accept your Bankruptcy Form
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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