what is a
small
business
restructuring
plan?

In simple terms, it is a proposal from you to your suppliers on how you are going to pay them.

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