Zombie businesses waking up to reality and shutting up shop, new data shows
“Zombie” businesses are waking up to the reality of their situation and shutting up shop, following JobKeeper cuts and the most significant federal budget since World War II, a credit reporting agency has revealed.
New data from CreditorWatch has revealed that, for the first time since June, the number of businesses entering into administration has increased, up by 11 per cent in September, while the number of defaults has grown by 23 per cent in the same period.
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