The new rules will allow insolvent small businesses to keep trading rather than go straight into administration.
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Articles on Voluntary Administration
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For Ten to be a viable business it needs to make hard decisions to cut costs and reach more viewers.
Ten Network has been placed in voluntary administration, after major shareholders refused to guarantee another loan.
The outlook is not good for those who may lose their jobs as a result of mining company Arrium going into voluntary administration, according to the latest OECD report.
Voluntary administration was considered a state-of-the-art rescue procedure for struggling companies in 1993. But is is time for another wide-ranging review of our insolvency laws?
“Kodachrome, it gives the nice bright colours, it gives the dreams of summer, it makes you think all the world’s a sunny day.” (Paul Simon, Kodachrome, 1973, from ‘There Goes Rhymin Simon.) Eighteen months…
