The new rules will allow insolvent small businesses to keep trading rather than go straight into administration.
Lachlan Murdoch is attempting to restructure Ten Network.
For Ten to be a viable business it needs to make hard decisions to cut costs and reach more viewers.
Ten Network has entered voluntary administration.
Ten Network has been placed in voluntary administration, after major shareholders refused to guarantee another loan.
Whyalla Steelworks, where workers might lose their jobs as operator Arrium goes into voluntary administration.
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 has been the widely-used step in efforts to prevent a company being dissolved.
Image sourced from www.shutterstock.com
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?
Kodak shareholders have reason to celebrate, with the camera manufacturer bouncing out of bankruptcy.
Sourced from AAP images
“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…