In ‘A one year bankruptcy or a 3 year debt agreement … what’s the catch?’ I foreshadowed reforms to Part IX debt agreements under the Bankruptcy Act, to supplement those reforms introducing a one year bankruptcy in the Bankruptcy Amendment (Enterprise Incentives) Bill 2017.
Just as that Bill has been referred to the Senate Constitutional Affairs Legislation Committee, to report by 19 March 2018, so too now has the Bankruptcy Amendment (Debt Agreement Reform) Bill 2017 also been referred to the same Senate Committee, to report by the same date.
We might anticipate submissions also being due by the same date, 31 January 2018.
More details soon.
