With post-commencement creditors counting as voters, business rescue plans face a new reality. This article unpacks the SCA decision, walks through practical checklists for meetings, accounting and disclosure implications, and shows what accountants and BRPs must do to keep plans legally sound.

Many businesses wait too long before taking action, slipping from distress into collapse while their advisors focus on compliance rather than strategy. Business rescue offers a structured legal process that can protect jobs, preserve value, and improve returns to creditors—if implemented early. Accountants play a critical role throughout, from identifying distress and compiling updated financials to supporting the development and implementation of the rescue plan. This is not theoretical knowledge; it’s practical, applied work that positions accountants as strategic partners in business continuity.