The formal SBR process moves relatively quickly. Once a Small Business Restructuring Practitioner (SBRP) is appointed, they have 20 business days to develop the restructuring plan with you. Creditors then have 15 business days to vote on the plan. If accepted, the plan is implemented immediately and the restructuring period ends. Most eligible businesses complete the core SBR process within 8 to 10 weeks from appointment.
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