Showing 1 - 9 of 9 results
Drop in insolvencies and bankruptcies is a ticking time bomb


The vast arsenal of fiscal, monetary and legal measures used by Australian governments to offset the COVID-induced economic crisis have worked well. They did not prevent a recession (popularly defined

New research predicts insolvency looming for many businesses


New research suggests that many businesses and individuals are at serious risk of bankruptcy, with 2021 looking particularly precarious when government COVID-related stimulus measures are set to end. The study

Insolvency protections extended for SMEs


The Federal government has announced that it is extending the temporary insolvency and bankruptcy protections that have been put in place to support struggling small businesses impacted by the Covid

How retailers can avoid insolvency


Australian retailers need to evolve their business models – otherwise we’ll continue to see more retail insolvencies in 2020. That’s the message from Andrew Spring, a retail insolvency specialist. “Retail

Surge in Insolvency Practices Inquiry responses


The recently announced Insolvency Practices Inquiry is surging ahead, following an enormous response from the small business sector. The Australian Small Business and Family Enterprise Ombudsman (ASBFEO), Kate Carnell revealed

Insolvency Inquiry to revamp small business practices


Australian small businesses in financial trouble may have a new course of action, should a new Insolvency Inquiry overhaul the current practices. The Australian Small Business and Family Enterprise Ombudsman

How to deal with failed franchises


What happens when one of your franchisees hits financial trouble? There are serious consequences for failed franchises for both franchisor and franchisee.  The failed franchise and the franchisee The loss of

Second Jump Swim entity in liquidation


JUMP! Swim Schools has been dealt another blow with franchisor Jump Loops Pty Ltd placed in court appointed liquidation. The Jump Loops liquidation announcement comes just weeks after alternate franchise

JUMP! asset freezing extension puts future in jeopardy


The Australian Competition and Consumer Commission’s (ACCC) case against embattled franchise JUMP! Swim Schools is mounting. In a pre-trial case management hearing in Federal Court, the watchdog called for greater