This resource covers the new insolvency regime that was introduced on 1 January 2021. From 1 January onward, the new regime involved the facilitation of a new insolvency process for small businesses, whereby financially distressed but viable companies could restructure their existing debts and continuing trading. Additionally, the regime implemented a simplified process allowing for faster and lower cost liquidation.
Author: Chris Hadley, Partner - Commercial Recovery and Insolvency, Litigation, Holman Webb Lawyers
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