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ARTICLE · 11 APRIL 2020

Mandarin Guide: COVID-19 and temporary changes to insolvency laws 新型冠状病毒和破产清盘新法律

To manage adverse financial effects of COVID-19, the Federal Government has enacted temporary changes to insolvency laws.

AustraliaCoronavirus (COVID-19)

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由于新型冠状病毒对很多生意和个人经济都造成了很大的影响,中央政府对破产和公司清盘的有关法律做了一些临时的改变。截至这篇文章发布的日期,以下改变自2020年3 月25日开始生效,为期 6个月。

As COVID-19 has resulted in adverse financial impacts on companies and individuals, the Federal Government has enacted new insolvency laws to make some temporary changes. These changes take effect from 25 March 2020. As at the date of this article, the changes are for a period of 6 months beginning 25 March 2020.

个人破产 Bankruptcy

法律改变之前,只要债主有超过 $2000以上的债务证明,就可以开始对债务人进行破产程序。现在新法律要求债务必须至少 $20,000, 债主才可以对债务人进行破产程序。

Prior to the change, a creditor can commence bankruptcy proceedings against a debtor if there is a debt of at least $2,000. After the change, a creditor can now only commence bankruptcy proceedings if the judgment debt is at least $20,000.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances. Madgwicks is a member of Meritas, one of the world's largest law firm alliances.

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