Law Council calls for SME insolvency reforms to be fast-tracked

By Ellie Dudley · 20 October 2020 · Locked

Law Council calls for SME insolvency reforms to be fast-tracked

Full details: Law Council calls for SME insolvency reforms to be fast-tracked

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Summary

The Law Council of Australia is encouraging the Government’s move away from the one-size-fits-all approach when dealing with small businesses facing insolvency to be fast-tracked. The reforms to the Corporations Amendment (Corporate Insolvency Reforms) Bill 2020 aim to establish a new formal debt restructuring process for eligible small businesses, to enable financially distressed but viable firms […]