Business insolvencies hit new high, expert says monitoring is key to survival
By Lorna Brett · 1 May 2012 · Economy
By Lorna Brett · 1 May 2012 · Economy
A record number of local companies have entered external administration, sparking concerns about the future of small business. But is it too late to act, or can you still take control of your company's fate?
Local small business insolvencies hit a record high in February, with the number of companies entering external administration reaching their highest level since 1999.
Tags: Australian Securities and Investments Commission (ASIC), business insolvencies, Cashflow, Colin Porter, CreditorWatch, external administrators, managing creditors, managing debtors