Comparison site Insolvency Australia has launched a first-of-its-kind national helpline that enables businesses and individuals to reach out for insolvency guidance.
The service would help connect businesses, individuals and trusted advisers with registered insolvency specialists, it said.
CEO of Insolvency Australia Garth Gammon said the service was an important lifeline and a first step for businesses in distress.
Australias insolvency numbers recently reached their highest levels this year, and the cost-of-living crisis is putting pressure on businesses and individuals alike, he said.
More and more people are finding themselves in financial distress, but many might not know who to turn to.
Thats understandable; experiencing insol…
Read the full article at: https://www.accountantsdaily.com.au/business/19248-insolvency-australia-sets-up-helpline-for-distressed-businesses