Blogotariat

Oz Blog News Commentary

Tens of thousands of businesses face collapse

September 25, 2020 - 12:00 -- Admin

Yesterday, Treasurer Josh Frydenberg announced the introduction of US-style Chapter 11 bankruptcy rules, which would cover around 76% cent of businesses subject to insolvencies, 98% of whom have less than 20 employees: The new system would be two-tiered, with large companies required to work under existing insolvency rules, while business with liabilities of less than

The post Tens of thousands of businesses face collapse appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]