From www.salea.com.au: Small Business Restructuring (SBR) offers a streamlined process for financially distressed businesses to restructure their debt while maintaining operations.
The typical timeline includes initial steps of appointing a Small Business Restructuring Practitioner, drafting and presenting a restructuring plan within several weeks, and securing creditor voting before implementing the agreed terms.
Factors such as company complexity, stakeholder engagement, and financial health influence the timeline, making professional guidance essential for effective management and compliance throughout the process.