AUSTRALIAN RESTRUCTURING INSOLVENCY & TURNAROUND ASSOCIATION
Brisbane Insolvency Forum (Study Groups for insolvency professionals)
ARITA host regular topical Insolvency Forums with presentations delivered by subject matter experts.
Ben Sewell will be giving the following presentation:
The Good the Bad and the Ugly: The line between a pre-pack arrangement and phoenix activity for SMEs
Small-to-medium enterprises are the emerging market for the insolvency profession.
ARITA’s new policy calls for pre-pack arrangements (i.e. ‘pre-positioning’) to enable viable businesses to continue and maximise return for creditors. The mechanism for pre-positioning is a sale of business negotiated prior to the appointment.
The discussion for focuses on the issues for SMEs and case studies about the traps for professional advisers and insolvency practitioners.