This is an area where the spirit of social solidarity beats the law hands down. We have been hearing a lot about corporate social responsibility …… it’s in the eating that we’ll see the proof of this particular pudding! Banks have a symbiotic relationship with their clients, whether big or large; they have no interest in driving their clients bankrupt.
[1]  See, for example, Bishop J and N Cassidy (2017), ‘Insights into Low Wage Growth in Australia’, RBA Bulletin, March.