Despite the Australian bankruptcy rate hitting a 23-year low, individuals and businesses must still be thorough and ensure that they know who they are doing business with.
The legal technology provider and Australian Financial Security Authority (AFSA) broker was reacting to data released by AFSA, which revealed that bankruptcies declined 6% on the year to 3,788 in the ending quarter of 2018.
The decline represents the lowest levels of bankruptcies since the March quarter of 1995, which is fantastic news for the Australian business community, said Peter Maloney, GlobalX chief executive. Over the 23-year period, all states and territories saw consistent reductions, with the exception of Western Australi…
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