In a move aimed to lessen the economic impact on businesses and individuals caused by the Coronavirus pandemic, the Australian Government has introduced some changes to insolvency laws in Australia …
insolvency
Summary of Safe Harbour Insolvency Law Reforms
The Federal Government has passed safe harbour laws which allow directors of struggling companies to pursue restructuring efforts without fear of liability for insolvent trading. Prior to 18 …
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Surviving a Statutory Demand
A company served with a formal demand for payment of a debt, known as a creditor's statutory demand, has three options to avert insolvency action being taken. The first thing a company can do is to …