Corporate debt contagion must be stopped
David Cowling and Natalie Tatasciore
Company directors have welcomed the government’s coronavirus relief package. Company creditors may be a bit less enthusiastic (insert understatement emoji here).
A major aim of the relief measures is to keep money flowing through the economy. However, there is a potentially huge and catastrophic sting in the tail for creditors who receive payments from their debtors during this troubled time.
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