Creditor’s Statutory Demands and Bankruptcy Notices

On 25 March 2020 the Federal Government introduced legislation to give relief to businesses and individuals during the coronavirus pandemic. This legislation was recently amended and this article seeks to summarise both the changes to Bankruptcy Notices and Creditor’s Statutory Demands introduced in March and the most recent amendments. https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet-Providing_temporary_relief_for_financially_distressed_businesses.pdf

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