What's that old expression? An irresistible force meets an immovable object?

This week we talk through the early days of helping small businesses that, but for an unmanageable debt, could survive, or at least avoid the worst outcomes for all in a formal liquidation.

Chris Baskerville talks about Small Business Reconstruction, and, what might seem a high bar to jump over to be eligible. Seems like a good deal if you do qualify though, reduce your debts for a simple fee....welll, not so fast! As always, what's in the deal for the creditors?

There are a few practioners who have given these a try, and chris shares what he has seen so far.

So whats thi about standing still? So many businees owners figure if they keep doing the same thing, maybe things will gte better, or maybe the problem will go away. But then inertia comes up against the massive hit(s) of Covid 19.

For once doing nothing up until now might have allowed some Directors some time to take avanatge of the new system.... will they take it?