Recession pulls businesses into insolvency storm – MacroBusiness
Australia is tipped to enter a recession over the next 12 months, increasing the rate of company insolvencies as firms struggle to absorb higher interest rates, costs, and weaker consumer spending. According to The SMH, up to 70% of insolvency practitioners, lawyers, managers, and corporate debt restructuring specialists surveyed by KordaMentha and Turnaround Management Association…