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Small Business Restructures: navigating the current economic climate

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Manage episode 429447364 series 1448752
Content provided by Grant Thornton Australia. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Grant Thornton Australia or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The Small Business Restructure (SBR) regime came into force at the beginning of 2021 as a cost-effective method for distressed businesses to reorganise and negotiate businesses debts up to $1m.

While this restructuring tool was underutilised during the COVID-19 pandemic, there’s recently been an increase in the adoption of SBRs as a restructuring tool by distressed businesses. So, what’s the reason for this recent uptick, and how can small businesses under pressure start the process?

🎧Follow Beyond the Numbers on Apple Podcasts or Spotify

🗒️John McInerney's LinkedIn

🗒️Cameron Crichton's LinkedIn

  continue reading

73 episodes

Artwork
iconShare
 
Manage episode 429447364 series 1448752
Content provided by Grant Thornton Australia. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Grant Thornton Australia or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The Small Business Restructure (SBR) regime came into force at the beginning of 2021 as a cost-effective method for distressed businesses to reorganise and negotiate businesses debts up to $1m.

While this restructuring tool was underutilised during the COVID-19 pandemic, there’s recently been an increase in the adoption of SBRs as a restructuring tool by distressed businesses. So, what’s the reason for this recent uptick, and how can small businesses under pressure start the process?

🎧Follow Beyond the Numbers on Apple Podcasts or Spotify

🗒️John McInerney's LinkedIn

🗒️Cameron Crichton's LinkedIn

  continue reading

73 episodes

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