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Insolvency Stories

Australian Stories

Insolvency stories

Furniture Trader revenue rises 30% to more than AUD $30m
Customer Experience

Furniture Trader revenue rises 30% to more than AUD $30m

A store-led strategy has helped the Melbourne family retailer outpace a shaky sector, with demand holding up for bulky, in-person purchases.

By Sofiah Nichole Salivio • 5 min read • Last month
AI could add AUD $4.8bn to small accounting sector
Digital Transformation

AI could add AUD $4.8bn to small accounting sector

Labour shortages and rising client demands could be eased if more firms adopt AI, MYOB says, boosting annual revenue by AUD $4.8 billion.

By Karen Joy Bacudo • 5 min read • Thu, 30th Jul 2026
ATO tax debts lift insolvency risk for Australian firms
Data Analytics

ATO tax debts lift insolvency risk for Australian firms

More than 35,000 Australian businesses now face heightened failure risk as ATO debts above AUD $100,000 coincide with rising defaults.

By Karen Joy Bacudo • 5 min read • Wed, 22nd Jul 2026
Earlypay warns SMEs on late payments as costs rise
Data Analytics

Earlypay warns SMEs on late payments as costs rise

Rising costs and overdue invoices are squeezing Australian SMEs, with late payments now at a six-year high, Earlypay says.

By Karen Joy Bacudo • 5 min read • Mon, 29th Jun 2026
Waste services insolvencies surge as defaults climb
Supply Chain

Waste services insolvencies surge as defaults climb

Insolvencies in the industry are now more than three times the national average, as diesel, landfill levies and debt costs squeeze margins.

By Karen Joy Bacudo • 5 min read • Thu, 25th Jun 2026
Australia's late business payments hit six-year high
Manufacturing

Australia's late business payments hit six-year high

Cash-flow strain is deepening as overdue invoices and tax debts rise, with smaller firms hardest hit by higher rates and costs.

By Karen Joy Bacudo • 6 min read • Wed, 20th May 2026
Australia's truck sector faces fuel, staff & safety strain
Digital Transformation

Australia's truck sector faces fuel, staff & safety strain

Rising diesel prices and tighter rules are squeezing operators, with many warning that cashflow and driver shortages could tip them into failure.

By Mark Tarre • 6 min read • Mon, 18th May 2026
Crazy John's collapse: Market change and strategic missteps
Marketing Technologies

Crazy John's collapse: Market change and strategic missteps

From suburban upstart to shuttered chain, Crazy John's rise and fall charts how carriers and online sales rewrote Australia's mobile market.

By Karen Joy Bacudo • 5 min read • Mon, 2nd Mar 2026

Global Stories

Insolvency stories

Lenvi expands standby servicing team on rising demand
Disaster Recovery

Lenvi expands standby servicing team on rising demand

The enlarged team is meant to reassure lenders and investors as standby servicing becomes a bigger part of risk planning for loan portfolios.

By Sofiah Nichole Salivio • 3 min read • Last month
Click Frenzy & Power Retail enter liquidation
Digital Transformation

Click Frenzy & Power Retail enter liquidation

Staff and creditors face uncertainty as both businesses keep trading under external control while receivers assess their future.

By Sean Mitchell • 3 min read • Fri, 3rd Apr 2026
AI bookkeeping startup Botkeeper shuts after 11 years
Digital Transformation

AI bookkeeping startup Botkeeper shuts after 11 years

AI bookkeeping startup Botkeeper shuts after 11 years, citing rapid client consolidation, lost revenue and an unsustainable path forward.

By Karen Joy Bacudo • 4 min read • Tue, 10th Feb 2026

Stories from Other Regions

Insolvency stories

PGI Canada launches personal guarantee cover for loans
Fintech

PGI Canada launches personal guarantee cover for loans

Canadian business owners now have a new way to cap personal losses when lenders enforce personal guarantees on commercial loans.

By Karen Joy Bacudo • 4 min read • Last month
Nuvo adds CreditRiskMonitor risk data to finance workflows
Fintech

Nuvo adds CreditRiskMonitor risk data to finance workflows

Finance teams can now spot customer distress earlier as Nuvo embeds CreditRiskMonitor's risk alerts and credit guidance into automated workflows.

By Karen Joy Bacudo • 4 min read • Fri, 10th Jul 2026
Canadian entrepreneurship falls as credit strain rises
Small Business

Canadian entrepreneurship falls as credit strain rises

More firms are missing lender payments even as start-up activity slumps, underscoring pressure on Canadian small businesses and credit markets.

By Karen Joy Bacudo • 6 min read • Tue, 16th Jun 2026
Brickflow & Revcore launch distressed property team
Fintech

Brickflow & Revcore launch distressed property team

Rising rates and insolvencies are forcing lenders to move faster on troubled assets, prompting a new workout service for distressed property.

By Sean Mitchell • 4 min read • Tue, 9th Jun 2026
Mid-sized fintech firms squeezed out as funding tightens
Fintech

Mid-sized fintech firms squeezed out as funding tightens

Higher rates and tougher investor scrutiny are forcing mid-tier fintechs into sales, restructuring or shutdown as capital pools shrink.

By Karen Joy Bacudo • 4 min read • Mon, 20th Apr 2026
Why the positive sentiment despite highest insolvency rate in 15 years
Risk & Compliance

Why the positive sentiment despite highest insolvency rate in 15 years

Business confidence is improving, but 2025 still brought New Zealand's highest insolvency tally in 15 years as historic debt hit firms.

By Staff Writer • 4 min read • Sat, 21st Feb 2026