In simple terms, it is a proposal from you to your suppliers on how you are going to pay them.
what is a
small
business
restructuring
plan?
For example, it might be any of these below:
1.
lump sum payment to your suppliers which is less than what they are owed
2.
monthly instalment payment paid to suppliers over a period of time
3.
agreed period of time to sell you business and an agreed share of sale proceeds
4.
combination of any of these
