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Small Business Recovery

A small business restructure allows eligible businesses to negotiate their debts with its creditors. The business owner remains in control of their business while a plan is developed to restructure the company’s affairs with the assistance of a restructuring practitioner. 

To be eligible for Small Business Restructuring, you must meet the following conditions:

  • Total liabilities of the company must be less than $1 million
  • The company and its directors have not used SBR or the simplified liquidation process within the last 7 years.
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