Chapter 11 for Small to Medium Businesses? And what is that anyway?

Not all of the ideas banded about as ways to solve the current business crisis are good ones. Business owners need to understand the good and the bad about ideas that are proposed to make their 'lives easier'. Will they? Chris Baskerville, Bill Cotter and James Flaherty discuss this Thought Bubble.

Business failure in Australia requires liquidators to maximise the return for the creditors. Chapter 11 in America is a debtor driven system. What could possibly be wrong with that? Watch the Thought Bubble #2 video (below) to find out.

Is this an American business import Good for Australia? Chris Baskerville and Bill Cotter chat through the issues.

Business owners need to understand some of the proposals being made by some in the name of ‘getting things back on track’.

Back in August in the Australian Financial Review Michael Cranston outlines the need to be cautious about an idea of adopting an American style regime for Small Business Insolvency.

These ideas may seem great on the face of then. Important too, however, as we navigate out of the Crisis – we must understand the motives of those who put these ideas forward and what might happen if we don’t consider the knock on effects.

Chris and Bill talk about the challenges they see with changing things midstream and applying a completely different way of thinking. What are the implications for small business credit?

 

DISCLAIMER: All content published on this site constitutes general information only and does not take into consideration your personal circumstances. We have used best endeavours to make it as accurate as possible at the time of publication, but be aware information can change rapidly. You should speak to one of our panel members to understand how this information might relate to you.

Share This Post

Share on facebook
Share on linkedin
Share on email

Subscribe To Our Newsletter

Catch up on Important News & Resources

Insolve Logo

Insolserve Pty Ltd, PO Box 2, Grange, QLD 4051 ABN 97 623 054 679

Privacy Policy | Terms & Conditions

DISCLAIMER: All content published on this site constitutes general information only and does not take into consideration your personal circumstances. We have used best endeavours to make it as accurate as possible at the time of publication, but be aware information can change rapidly. You should speak to one of our panel members to understand how this information might relate to you.

InsolveFullColourComplete1000px
Insolve Logo

Insolserve Pty Ltd, PO Box 2, Grange, QLD 4051 ABN 97 623 054 679

Privacy Policy | Terms & Conditions

DISCLAIMER: All content published on this site constitutes general information only and does not take into consideration your personal circumstances. We have used best endeavours to make it as accurate as possible at the time of publication, but be aware information can change rapidly. You should speak to one of our panel members to understand how this information might relate to you.

James Flaherty

James is a ? specialising in? Find out more or Email James.