Insolvency rates slated to spike within flood-impacted NSW, QLD
The number of businesses unable to repay their debts is expected to surge by over one-third over the next 12 months.
The prediction – which is derived from CreditorWatch’s Business Risk Index for April – noted that for businesses located within the Richmond Valley hinterland, namely around the Northern Rivers city of Lismore, insolvency rates are tipped to explode by 36 per cent.
Read more at The Adviser
