Business
The Corporations Act’s Part 5.3B, which established the Small Business Restructuring Process (SBRP), drastically changed the landscape of corporate insolvency in Australia in 2021. In contrast to the current Voluntary Administration (VA) system under Part 5.3A, this new procedure aims to give bankrupt small firms a more affordable and straightforward debt restructuring option. What advantages … Read More “What advantages does the process of small business restructuring offer?” »