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Alarming Insolvency Storm Sweeps Through Australian Business Community

Alarming Insolvency Storm Sweeps Through Australian Business Community
A man works on a construction site, building new apartments in Melbourne, Australia, on April 4, 2023. William West/AFP via Getty Images
Alfred Bui
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0:00

Australian businesses are facing greater insolvency risks as tax regulators and creditors speed up their debt collections.

According to the latest data collected by Insolvency Australia, an online insolvency platform, the business community has seen a surge in the number of firms going bankrupt.
Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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