Australia’s Covid-19 Temporary Relief for Financially Distressed Companies – Shielding the Inevitable? – Who’s Who Legal

The Australian federal government, like many governments across the globe, has enacted temporary legislative changes to provide relief for businesses that have been impacted by the economic effects of the covid-19 pandemic. In order to facilitate continued business operations, the changes provide companies with breathing space to respond to demands from creditors for overdue debts…

PRESS RELEASE: This digital transformation grant is helping small businesses to survive the pandemic – Media Database – Get the Word Out

Australia 1 September 2020 Most businesses are struggling to engage customers during the global health pandemic. The SMEA Digital Transformation Grant helps Australian small businesses to improve their online presence and attract loyal consumers. Not-for-profit association SMEA created this grant for businesses to extend their digital reach and boost revenue in 2020 and beyond. Successful…

RIP, Lord and Taylor: Bankrupt Retail Chain to Close, After Nearly 200 Years – The National Interest

In this year of coronavirus and stay-at-home orders, quite a few companies in the retail sector have declared bankruptcy, including Modells, J. Crew, Neiman Marcus and the parent company of Mens Wearhouse. Just because a company declared bankruptcy doesnt mean its going out of business; bankruptcy is often used by companies to reorganize their debts…