Entering SBR does trigger some public disclosure requirements — the appointment is recorded on the ASIC register, and affected creditors must be notified so they can vote on the plan. However, SBR is designed to allow the business to keep trading, so day-to-day operations with staff and customers typically continue as normal. Many directors find the disclosure is less disruptive than they feared, especially compared to the stigma of liquidation. Your SBRP can walk you through exactly who needs to be notified and when.
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