Coronavirus stimulus measures like JobKeeper are keeping zombie businesses alive, warn insolvency practitioners – ABC News

At least 1,000 businesses are engaging in insolvent trading with virtual immunity from legal action, according to the peak body representing Australia’s insolvency practitioners.
Key points:

• When economic conditions are relatively favourable, the number of businesses going into administration is about 8,000 a year
• Despite the COVID crisis, the latest number of businesses folding is below that, raising fears that stimulus measures may be keeping zombie businesses afloat
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