Michael.1
Insolvency and related law and policy, and more

Michael Murray is an Australian author and commentator on corporate and personal insolvency law and related issues, in Australia and internationally. He has a strong law and policy background, is independent of any connections, and his views are his own. He gives no legal advice. 

The ‘powerhouse’ of small and medium enterprises and their recovery ‘boosted’ by our new insolvency laws

Interesting to know from what [limited] bases journalists get their views …

‘Finally, a fair go for small suppliers’, R Gottliebsen, The Weekend Australian, 19-20 December 2020, p 32

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One Response

  1. There remains a concern about whether many of the companies who fall within the ambit of the new Part 5.3B structure will have the financial resources to enable it to put together a proper proposal and thereafter to maintain that proposal. The experience in America is that most small companies do not have the financial resources to enter into any form of debt restructuring arrangement and it is difficult to see how the situation in Australia which has not previously had a “debtor-in-possession” regime will be able to act otherwise.

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