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Australia is currently experiencing an unprecedented increase in business insolvencies, primarily driven by acute cashflow pressures. In the 2023–2024 financial year, more than 11,000 businesses entered external administration — a 39 per cent increase on the previous year and the...
#Cash flow#insolvencies#Reserve Bank of Australia
Tim Cooper, President of R3, the UK’s insolvency and restructuring trade body, and a partner at Addleshaw Goddard LLP, says:…
#insolvency#interest rate#R3