This is a relatively recent process, brought in by the government during COVID-19, to help small businesses restructure with the aim of surviving and thriving into the future.
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While Small Business Restructuring wasn’t originally intended to be used primarily to reduce historical ATO debts, this seems to have become a popular approach.
The Small Business Restructuring process can potentially reduce the total amount of ATO and other debts payable, and if accepted by creditors, is considered full and final payment of the debts.
You may be eligible for a Small Business Restructure.
Book a FREE consultation with Louisa to discuss at your specific situation.
Find out if the Small Business Restructuring process can help your business.
If so, formulate the debt reduction and payment plan proposal, and put it to creditors for their consideration.
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