Business
Spike in ‘zombie’ companies going into administration fuels fear of insolvency wave – NEWS.com.au
Spike in ‘zombie’ companies going into administration fuels fear of insolvency wave
There are worrying signs company collapses could leap back to historical heights as pandemic-related assistance draws to a close after propping up zombie enterprises that would have otherwise failed.CreditorWatch’s latest Business Risk Review data released on Tuesday shows external administrations spiked by 61 per cent in February – the highest they have risen for a year.
“This figure is likely to rise again in the coming months, as JobKeeper ends and the three-month reprieve on credit arrangements…
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