Will businesses in financial distress or teetering on the edge of insolvency start to utilise the small business restructuring process introduced in January 2021 now that we have emerged out of the COVID lockdowns, related legislative protections and support packages?
As restructuring and insolvency practitioners, we often encounter businesses failing simply because they have poor legal documents or financial systems in place.
The world has changed – Australians are locked down and facing challenging restrictions. What that means is that businesses (your clients) could be severely impacted.