What are the consequences of bankruptcy? Stephanie McGrath looks at the effects on pharmacy owners
On 18 February 2019 AJP reported that the National Health Amendment (Pharmaceutical Benefits) Bill 2019 would enable PBS medicines supply to continue when a pharmacy owner enters bankruptcy.
The Bill lapsed at dissolution on 11 April 2019 and is not proceeding.
In light of Mr Hunts comments at the time that there are approximately 20 pharmacies each year affected by bankruptcy or external administration, it is timely to revisit the consequences of bankruptcy.
What are the consequences of bankruptcy?
The threat of bankruptcy casts a huge shadow over a person both emotionally and personally. While it can be seen to provide relief where you cannot …
Read the full article at: https://ajp.com.au/columns/how-bankruptcy-can-affect-your-pharmacy/