A company that has been restructured effectively will, in theory, be leaner, more efficient, better controlled and better focused on its business.
KPMG’s FY17 biannual Distance to Default analysis revealed the emergence of a much larger gap in D2D scores between retail’s big winners and the big losers.
Successfully restructuring a distressed business is hard to do. It requires compromises and trade-offs in a high risk and emotionally charged environment.
Australia’s insolvent trading laws are framed in a way that imposes personal liability upon directors for debts incurred if the company is found to have traded whilst it was insolvent. But proposed government legislation reform may change that.
Most experts when asked about why a company went broke or defaulted will respond with a collection of good logical reasons specific to the matter.
In the lead up to the recent NSW election win by the Baird Government – Premier Baird made it a policy imperative to seek out and receive ideas from the…