The current coronavirus pandemic has had a profound impact on businesses and employment across Australia. Understandably, with the unemployment rate at an all-time high and with business suffering huge declines in revenue, many may not be able to keep up with their financial obligations.Read more
We have previously discussed the Australian Federal Government’s proposal for a simplified small business restructuring process (SBRP). Key features and requirements were covered by the article. The House of Representative on 8 December 2020 passed the Corporations Amendment (Corporate Insolvency Reforms) Bill 2020 after three readings. It is now slated to be debated in the […]Read more
The Federal Government had recently announced a new small business restructuring process to help small insolvent companies avoid liquidation. The new restructuring process will allow for the cost effective restructuring of business and settlement of business debts with less interference from an external administrator.Read more
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