Insolvency stories
Staff and creditors face uncertainty as both businesses keep trading under external control while receivers assess their future.
AI bookkeeping startup Botkeeper shuts after 11 years, citing rapid client consolidation, lost revenue and an unsustainable path forward.
Despite facing record insolvencies due to rising costs and reduced consumer spending, Australia's small businesses remain hopeful about 2025, embracing tech-driven strategies.
Finance teams can now spot customer distress earlier as Nuvo embeds CreditRiskMonitor's risk alerts and credit guidance into automated workflows.
Rising costs and overdue invoices are squeezing Australian SMEs, with late payments now at a six-year high, Earlypay says.
Insolvencies in the industry are now more than three times the national average, as diesel, landfill levies and debt costs squeeze margins.
More firms are missing lender payments even as start-up activity slumps, underscoring pressure on Canadian small businesses and credit markets.
Rising rates and insolvencies are forcing lenders to move faster on troubled assets, prompting a new workout service for distressed property.
Cash-flow strain is deepening as overdue invoices and tax debts rise, with smaller firms hardest hit by higher rates and costs.
Rising diesel prices and tighter rules are squeezing operators, with many warning that cashflow and driver shortages could tip them into failure.
Higher rates and tougher investor scrutiny are forcing mid-tier fintechs into sales, restructuring or shutdown as capital pools shrink.
From suburban upstart to shuttered chain, Crazy John's rise and fall charts how carriers and online sales rewrote Australia's mobile market.
Canada's investment watchdog has unveiled a tiered crypto custody regime, tying asset limits to custodians' capital, tech controls and oversight.
Canadian firms are losing cash and facing fines after using chatbots like ChatGPT for tax advice, a survey of accountants has warned.
Irish insolvencies fall 7% to 812 in 2025, but court liquidations and receiverships surge as creditors and tax authorities tighten enforcement.
UK accountants say firms are already losing money to flawed ChatGPT tax advice and warn misuse of AI could trigger failures by 2026.
A New Zealand AI tool, CheckMyBuilder, helps homeowners and businesses spot risks with builders for NZD $49, using public records to flag issues before contracts.
A surge in insolvency risks is predicted for Australian firms in 2025, with failure rates rising 6% in late 2024 amid renewed financial pressures.
As cyberattacks rise, Australia's new Cybersecurity Act mandates timely reporting of ransomware payments, urging businesses to bolster their defences.
Australia faces a surge in corporate insolvencies, with tech firms like Plutora racking up debts of AUD $37.3 million as businesses turn to software escrow for protection.
