Australian fashion brand Nique enters voluntary administration in latest retail collapse
Australian fashion label Nique has entered voluntary administration, becoming the latest high-street brand to falter in a tumultuous economic environment.
ATO threatens to disclose business tax debts to credit reporting agencies
The ATO has issued a stern warning to businesses with big tax debts, saying it will disclose them to credit reporting agencies.
“Shell-shocked”: Australian AI marketing firm Metigy has entered administation, losing 75 employees
Staff at Australian tech startup Metigy say they are "shell-shocked" by the news of its administration, a move which has impacted 75 employees and appeared to take industry onlookers by surprise.
In2Food still looking for franchises, as document reveals $53 million is owed to creditors
Food wholesaler In2Food is advertising for new franchisees to join the business, as documents filed with the corporate regulator shows the business owes more than $53 million to creditors.
Billson calls for return of temporary insolvency protections to help SMEs survive lockdown
Bruce Billson is calling on the federal government to ‘reactivate’ temporary insolvency protections to help SMEs survive ongoing lockdowns.
As JobKeeper ends, the time for hard decisions is now
This week, for businesses that have been clinging on to JobKeeper and hoping for a miracle, reality will strike. All is not lost, but this is a critical time to try and save your business.
The construction sector is plagued by late payments: Here’s how to protect your business
There are preventative actions that every small business owner can take to mitigate late payments and avoid drowning in debt.
Riot Art & Craft online business sold to “related entity” prior to liquidation
The liquidator of retailer Riot Art & Craft has confirmed its e-commerce arm was sold to a “related entity” prior to the business collapsing.
As a wave of insolvency approaches Australia’s shore, business owners should prepare to exit gracefully
From December 31, businesses will snap back into the sights of creditors — an issue keeping many owners awake at night.
The government’s insolvency overhaul will give businesses much-needed leeway, but it’s still unclear how it’ll work
Since March, the number of companies entering external administration has been unusually low, suggesting an insolvency avalanche.
Bankrupt small businesses to retain control under insolvency overhaul
Insolvency practices for small businesses will be overhauled to allow directors to retain control while planning to restructure debts.
Are zombie firms on the rise? Payment times blow out amid insolvency protections
Payment times are increasing for small businesses, with creditors unable to chase up debts amid an extension in insolvency protections.
