WHEN IT’S NO LONGER BUSINESS AS USUAL,
Small business restructuring is an insolvency framework introduced in Australia in 2021, to help smaller businesses handle the impacts of COVID-19 on the economy. This unique framework is the first in Australia allowing the directors of struggling companies to maintain control over their business, rather than relinquishing control…
These are difficult times for Australian businesses, with increasing interest rates, global supply chain issues and continuing uncertainty over COVID-19, and its ongoing variants. Many companies are struggling financially and may face insolvency and liquidation. This article looks into the Small Business Liquidations process for small businesses…
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