‘Serious red flag’: Insolvency experts see increase in collapses in 2023

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‘Serious red flag’: Insolvency experts see increase in collapses in 2023
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As the economy slows down, insolvency firms are preparing for a bigger workload as construction, manufacturing and fashion companies come under pressure | hijessicayun

for the Australian business, and it entered administration.

“The harder thing to predict is: is that just a gradual normalisation, and just reflecting the first economic slowdown that we’ve seen really in 12, 13 years?” The end of COVID restrictions also saw the collapse of a number of rapid grocery delivery services, including Quicko, Voly, Send, as well as Deliveroo Australia.

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