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.
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.
The government’s Innovation Statement represented a watershed for insolvency law in Australia – and one which should ensure a more innovative and confident business community.