The small business restructuring process - some thoughts and considerations

Introduction

Filed under:
Australia, United Kingdom, USA, Capital Markets, Insolvency & Restructuring, DLA Piper, Corporate governance
Authors:
Lionel Meehan
Location:
Australia, United Kingdom, USA
Firm:
DLA Piper
New restructuring process for Australian small businesses when temporary COVID-19 relief measures are lifted on 1 January 2021

Treasurer Josh Frydenberg announced on 24 September 2020 (view announcement here) the introduction from 1 January 2021 of an innovative new restructuring process for Australian small incorporated businesses with liabilities less than AUD1 million, which adopts key aspects of the US Chapter 11 bankruptcy process.

Filed under:
USA, Insolvency & Restructuring, DLA Piper, Coronavirus
Authors:
Amelia Kelly , Lionel Meehan
Location:
USA
Firm:
DLA Piper
New restructuring process for Australian small businesses when temporary COVID-19 relief measures are lifted on 1 January 2021

Treasurer Josh Frydenberg announced on 24 September 2020 (view announcement here) the introduction from 1 January 2021 of an innovative new restructuring process for Australian small incorporated businesses with liabilities less than AUD1 million, which adopts key aspects of the US Chapter 11 bankruptcy process.

Filed under:
USA, Insolvency & Restructuring, DLA Piper, Coronavirus
Authors:
Amelia Kelly , Lionel Meehan
Location:
USA
Firm:
DLA Piper