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Business insolvencies set to rise in 2022


Credit reporting company, CreditorWatch, has released its report on business activity through January. The latest results indicate that the Australian economy is likely to recover at a slower pace than desired, with a follow-on effect of more insolvencies. Here’s what to look out for and the proactive steps to take if your business is feeling…

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Insolvency Reform for Small Businesses in financial distress

The Federal Government has announced reforms to simplify the Voluntary Administration process in order to help financially distressed small businesses to efficiently restructure and survive the economic impact of COVID-19. The reforms will likely come into effect on 1 January 2021. Small businesses are historically most at risk of insolvency, with 80% of corporate insolvencies…

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