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Visit our dedicated small business restructuring site for small business owners facing financial distress.
Debt agreements can offer a practical option for sole traders and partnerships to settle their debts before bankruptcy becomes necessary. This option requires most of your creditors to agree to your proposed terms, so it's worth discussing with an advisor early.
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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