Sydney, July 27, 2021 The latest Business Stress Report released by insolvency specialist firm, Dissolve, highlights a significant and unexpected downturn in corporate and personal insolvencies in Australia since the Covid outbreak.
But rather than be a cause for celebration regarding the impact of Covid on Australian businesses, the Dissolve report identifies several underlying factors that it believes represent an ongoing threat To the Australian economy.
The Dissolve report shows the number of companies entering formal insolvency administrations for the year up to May 2021 was down by 49% on the numbers for the same period last year. Similarly, personal insolvencies of around 2,500 for the quarter ended March 2021 are dramatically d…
Read the full article at: https://getthewordout.com.au/press-release/press-release-record-low-insolvency-numbers-hide-underlying-threats/
