ASIC data shows liquidations, company collapses surging, most businesses can t pay back debts | news com au — Australia s leading news site news.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news.com.au Daily Mail and Mail on Sunday newspapers.
Ten rate rises are starting to bite, big time. One industry expert called it an “insolvency Armageddon”, with cash-troubled business wind-ups reaching 828 in March.