Chapter 11 again mooted as an option for Australia's insolvency...

07/10/14

Chapter 11 again mooted as an option for Australia's insolvency regime
Lexology (registration)
Further, the Report quoted ASIC Chairman Greg Medcraft as describing Chapter 11 as "a very good system". In Mr Medcraft's view this was because, amongst other things, Chapter 11 "retains management with the company, as opposed to handing the ...