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What are the eligibility requirements of Small Business Restructuring?

  • The company’s debts cannot exceed $1,000,000.00 on the day that the Small Business Restructuring (“SBL”) is entered;
  • The business has to be incorporated under the Corporations Act; and
  • The company should resolve that it is insolvent or will likely become insolvent in the future and that a SBR practitioner should be appointed.

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