Tag: Insolvency

Personal insolvencies surge as personal guarantees catch up to directors post-COVID

Court-ordered company closures surge 133% as creditors crack down on debts

New report finds that external administrations are surging across most sectors as business activity slides

AFSA has released new figures that point to key indicators on the number of Australians facing extreme financial hardship.

New CreditorWatch paper addresses how businesses can identify early warning signs to protect against insolvent customers

As Australian businesses face a new normal understanding insolvency and debt options is more important than ever.

The Treasury has identified a need to improve creditor schemes of arrangement to help viable businesses in financial distress restructure. Here’s how to have your say.

There are four key actions that small business owners should take immediately, to ensure they are well positioned once they, or their suppliers, come off JobKeeper this month.

“COVID Safe Harbour” insolvency rules have been replaced by legislation that includes a new, streamlined SME restructuring process…

One of Australia’s largest construction companies, Grocon, has gone into administration, leaving subcontractors at risk of unpaid contracts. Grocon is known for developments such as Melbourne’s casino, Eureka Tower and the Rialto Towers. Grocon’s chief executive, Daniel Grollo, blamed its administration on Infrastructure NSW for its handling of the Central Barangaroo project. “It is unfortunate […]