Posts tagged "insolvencies"

NSW Small Business Commissioner says despite sky-high insolvencies, he fears “the voice of small business” is often overlooked or ignored.

Business insolvency rates are returning to their pre-COVID norms, according to new ASIC data, suggesting leniency offered by the tax office and regulators earlier in the pandemic has come to an end.

Housing giant Metricon has denied experiencing solvency issues, amid media reports that company leaders are meeting with creditors.

New figures released this week show the number of companies entering external administration in March climbed to 463, a 30% jump on February and nearly 80% higher than January. 

Zombie business — a term used to describe any company so debt laden it can only afford to pay interest on its loans. 

Court actions against Australian companies have risen sharply over the past quarter, with CreditorWatch warning business insolvencies will increase this year. 

As Australians, it is time to put our money where our mouth is and support small businesses by shopping local.

Small businesses are being urged to seek professional advice and make use of mental health resources as the JobKeeper wage subsidy program enters its final days. 

The Aussie economy could be in for a big shock in 2021.

The government's insolvency reforms are progressing, with legislation introduced in parliament to improve the system for small businesses.

Art supplies retailer Riot Art & Craft has closed its 56 stores, after being placed in liquidation last week. 

The number of Australian companies falling into administration rose in September, in the first increase in insolvency numbers since June.