Australian insolvency advisory firm Cathro & Partners has expanded its portfolio with a new service line focused on personal insolvency.
Simon Cathro, Managing Partner at Cathro & Partners, said that the launch of the new offering comes in response to growing demand for personal insolvency work, at a time when the number of companies and individuals facing financial distress is at a multiyear high.
Data from the Australian Financial Security Authority shows that the number of personal insolvency appointments in the first quarter of this year was significantly higher compared to the same quarter last year. The decision to expand into personal insolvency aligns with market trends, said Cathro.
Unlike corporate insolvency, personal insolve…
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