A steep increase in corporate failures is expected in the coming weeks as debt holidays introduced during COVID-19 come to an end.
In December there were 46 company liquidations and five administrations across Queensland with high profile closures including national lingerie retailer Big Girls Don’t Cry (Anymore), Noosa eatery Madmegs & Co and a key player in the job training sector Job Coaching Australia.
Revive Financial partner Jarvis Archer said a buyer had been found for the Big Girls brand but with the Federal Government’s temporary relief from bankruptcy notices, statutory demands and insolvent trading ending on January 1, the next month would see businesses facing different circumstances.
“These changes coincided with the roll…
Read the full article at: https://www.qt.com.au/news/month-of-misery-as-qld-restaurants-retailers-fail/4169915/
