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Government stimulus creating backlog of SME insolvency cases
New data showing company wind-ups have all but ceased in the past quarter may be disguising “zombie” businesses being propped up by government stimulus measures through the COVID-19 pandemic, according to a debt recovery firm.
Prushka Fast Debt Recovery revealed through data sourced from court records that the Australian Taxation Office and other government agencies have halted their winding up of businesses.
Read more at MyBusiness.
