Abstract:
The Simplified Insolvency Programme was introduced to allow micro and small companies easier access to restructuring and winding up in the light of the financial impact which COVID-19 has had on various businesses. This article will cover the eligibility requirements for two programmes under the Simplified Insolvency Programme – the Simplified Debt Restructuring Programme and Simplified Winding Up Programme – and provide a step-by-step guide on how these processes will work and how they differ from their traditional counterparts.