Reducing bankruptcy to 12 months ignores realities of insolvency
- Written by Jennifer Dickfos, Lecturer in Business Law and Corporations Law, Griffith University
Reform to Australia's bankruptcy period seeks to wipe its stigma. Image sourced from www.shutterstock.comThe proposed federal government changes to insolvency that reduce the bankruptcy period from three years to 12 months need to be questioned.
It has been argued the shortened default period will have the desired impact on encouraging...
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