Are Protections Keeping Zombie Businesses Artificially Afloat?
Due to financial distress, many businesses have been experiencing, the Government made the decision back in March to relax the rules regarding bankruptcy and insolvency. These relief measures essentially made it much harder for creditors to pursue outstanding business debts, leaving creditors unable to issue bankruptcy notices to any businesses owing debts under $20,000.Q2 2020 hedge fund letters, conferences and moreUnder normal circumstances, each company director has a strict duty to cease trading immediately if they’re insolvency is looking likely, with them facing financial liabilities as...