Sally Sara: A wave of business insolvencies is sweeping through the nation’s economy at a level not seen for more than a decade. ASIC expects more than 10,000 companies will enter administration by the end of this financial year as inflation dogs the economy. Some businesses are being squeezed between rising wages and costs and flattened consumer spending and a growing number aren’t coping. John Daly reports.
Jon Daly: Behind each failed business is often an owner picking up the pieces. Wayne Owens ran his Perth-based commercial building company for three decades. It went into voluntary administration last year.
Wayne Owens : I’m still dealing with this on a daily basis, the way it has impacted on my life, to be the happy person I used to…
