Insolvency reforms to support small business
The government recognises that despite support to get through the COVID-19 outbreak, unfortunately not all businesses will be able to remain viable. Many small businesses will have significantly increased levels of debt in order to remain in business during the COVID-19 pandemic. The government is introducing a number of permanent and temporary measures to expand the availability of insolvency practitioners to deal with this expected increase in the number of businesses seeking to restructure or liquidate.
