Macmillan Lawyers and Advisors Guide Small Business Restructuring Processes in Brisbane
Australia, 19th Jun 2025, – Macmillan Lawyers and Advisors, a trusted legal advisory firm based in Brisbane, has confirmed its involvement in a growing number of formal small business restructuring (SBR) matters in the region over the past twelve months. The increase reflects a broader trend among small enterprises seeking legal and financial stability amid economic uncertainty.
Small business restructuring, a process formalised under Australian law, enables eligible companies to propose a plan to creditors while maintaining control of their operations. This mechanism is designed for entities with total liabilities under $1 million and provides an alternative to traditional insolvency proceedings such as voluntary administration or liquidation.
Macmillan Lawyers and Advisors, based in B...