Learn more about the corporate insolvency framework if uncertain about your financial future
As our Momentum survey reveals, many small businesses are doing it tough. If you are facing financial distress, you should seek professional advice. Seeking advice early could give you access to more pathways to turn your business around, such as by negotiating with creditors, restructuring your operations and gaining a better understanding your obligations should your business become insolvent.
In 2021, changes to the corporate insolvency framework were introduced to help smaller companies facing financial distress. The changes introduced the Simplified Restructuring Process (SRP) and the Simplified…
