Business collapses are 75 per cent higher than pre-pandemic levels, analysis from the Australian Industry Group shows.
The figures show more construction businesses are falling into insolvency than in any other industry, but also companies in the care sector are going bust at rates not seen before in Australia.
For the second time in four years, Sydney carpenters Assia Betyo and Ninab Adam face the prospect of being left tens of thousands of dollars out of pocket.
Their business is owed $54,000 on a townhouse project in Sydney’s north at Warriewood, and a court hearing against head contractor KCorp is scheduled for Tuesday.
“We’re not the only contractors they owe money to, there’s so many others we know from that place … other…