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Visit our dedicated small business restructuring site for small business owners facing financial distress.
If your business is currently facing financial difficulty, it's important to act with urgency. The Australian Financial Security Authority (AFSA) offers guidance for small business owners facing these challenges. This resource covers recognising your financial position, opening lines of communication with creditors, and understanding the personal stakes involved with business debts. It points to reliable advice sources, ensuring you have the support needed to work through the difficulty.
Further Reading
Title | Short Summary |
|---|---|
Beyond Blue - New Access for Small Business Owners | Tailored mental health coaching for small business owners, with free, confidential sessions designed to manage stress through Cognitive Behavioural Therapy. |
ASIC Closing A Small Business | Guidance for winding up companies and trusts, covering voluntary and ASIC-initiated deregistration, plus when to seek professional advice if your business is insolvent. |
ACCC's Debt Collection Guideline for Collectors & Creditors | This joint ACCC and ASIC guideline sets out how consumer protection laws apply to debt collection in Australia. It covers enforcement responsibilities, key definitions, and the rights and obligations of both collectors and creditors. A practical reference for anyone involved in managing or recovering debts. |
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