Insolvencies rise by 11% as businesses face reality of Government support cuts

By Ellie Dudley · 14 October 2020 · Australian Budget 2020

Insolvencies rise by 11% as businesses face reality of Government support cuts

Insolvencies surge as Aussie businesses face financial reality

The number of businesses entering administration has risen sharply in the wake of JobKeeper cuts. Will your business be next to feel the pinch?

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Summary

Following the first round of JobKeeper cuts, and the presentation of the most significant Federal Budget since World War II, businesses are starting to face the reality of insolvencies and liquidations. New data from digital credit reporting bureau CreditorWatch the number of businesses entering into administration rose by 11 per cent in September to 436. […]