John Winter, CEO of the Australian Restructuring Insolvency and Turnaround Association: Firms “well aware there are busy times ahead”.
The temporary insolvency relief measures have cut work in the area to the extent that “55 per cent of insolvency firms remain on JobKeeper themselves“, said John Winter, the CEO of the Australian Restructuring Insolvency and Turnaround Association.
“The market remains at the quietest levels on record, particularly for firms specialising in insolvency. Firms that are multi-disciplinary have been less hard hit,” Mr Winter said.
He said the number of insolvencies across the country was “50 per cent down on the usual pre-COVID baseline”.
“Most insolvency firms are well aware that there are busy times ahe…
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