SMALL private companies will now be able to apply directly to the Circuit Court if they need to have an examiner appointed. This was announced Minister for Jobs, Enterprise and Innovation, Richard Bruton TD today. The change will be implemented through the Companies Acts which will be contained in the upcoming Companies Bill, scheduled for publication before the end of 2012 and enactment by the Oireachtas after that. Fine Gael Senator Deirdre Clune is welcoming this much needed development.
“I am delighted that the government is stepping in to address the issue of SME debt. This progress will make it cheaper and easier for viable businesses to restructure their debts.