https://business.gov.au/Risk-management ... businesses
Notice how the Government sugar coats this fantastic initiative by giving the example of the
chain of yoga studios.
Notice the last sentence....
"When economic conditions improve, the company can pay back the debt incurred."
Fantastic....
Unfortunately it doesnt work like that.....
Creditors dont get paid whilst the business is insolvent...
There is a domino effect....
"When economic conditions improve......"
What if they dont....
The company has continued to trade for six months whilst insolvent...wracking up
more and more debts....
No one gets paid....
The current debt recovery system in Australia is hugely biased towards debtors...
This is another reason why this country is slowly going broke...
Incompetent government legislation....
Watch a wave of bankruptcies hit Australia in September...
Plus evictions...
Plus numerous businesses closing down, never to open again..
Creditors will not be paid..
Landlords will not be paid...
Banks will not be paid..
Ooops....sorry...thats happening already......
To discover those who rule over you, first discover those who you cannot criticize...Voltaire
Its coming...the rest of the world versus islam....or is it here already...
