Chris Baskerville, the managing partner of the Brisbane Office of Jirsch Sutherland, lets us in on why small business restructuring has grown by 300% compared to last year. This trend is crucial for small business owners to understand, as it offers a strong alternative to voluntary administration, which can be costly and complex.

There are other things going on at the moment, though! Chris and James touch on the role of receivership and the importance of securing proper restructuring help to avoid aggressive actions from short-term lenders. Small business owners should listen to this podcast to gain insights into managing their business debts effectively and exploring options that can help them sustain and thrive in challenging times.