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The Australian Institute of Credit Management (AICM) has warned a flow of corporate insolvencies might be coming in the months ahead as government stimulus winds down.
Although JobKeeper formally ended the last month, it will only stop being paid in early May.
Additionally a temporary moratorium in Wind Up petitions has recently expired and according to Sydney-based debt restructuring firm Chapter Two the ATO has reportedly commended soft debt collection.
Chris Mushan, a director at Chapter Two, told Stockhead he expects to see businesses facing cash flow pressure in the months ahead, especially if theyve been heavily reliant on JobKeeper.
This will cause businesses significant cash flow issues if they hav…
Read the full article at: https://stockhead.com.au/news/a-wave-of-corporate-insolvencies-might-be-coming-but-it-could-be-good-news-for-these-asx-stocks/