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Insolvency Stories - Page 2

Australian Stories

Insolvency stories

Australian insolvency rates predicted to increase in 2025
Utilities

Australian insolvency rates predicted to increase in 2025

A surge in insolvency risks is predicted for Australian firms in 2025, with failure rates rising 6% in late 2024 amid renewed financial pressures.

By Shannon Williams • 3 min read • Thu, 6th Mar 2025
Australia's Cybersecurity Act races against augmented hacker revolution
Firewalls

Australia's Cybersecurity Act races against augmented hacker revolution

As cyberattacks rise, Australia's new Cybersecurity Act mandates timely reporting of ransomware payments, urging businesses to bolster their defences.

By Julian Fay • 4 min read • Mon, 16th Dec 2024
Rising tech insolvencies in Australia: How businesses are using software Escrow to shield from vendor risks
Hyperscale

Rising tech insolvencies in Australia: How businesses are using software Escrow to shield from vendor risks

Australia faces a surge in corporate insolvencies, with tech firms like Plutora racking up debts of AUD $37.3 million as businesses turn to software escrow for protection.

By Evan Lever • 5 min read • Thu, 24th Oct 2024
AI is ubiquitous, even in 'traditional' sectors and businesses
Data Analytics

AI is ubiquitous, even in 'traditional' sectors and businesses

AI is transforming hospitality with 85% of Australia's venues using it for data analytics, inventory management, and personalised marketing to boost revenue and efficiency.

By Paul Hadida • 5 min read • Mon, 30th Sep 2024

Global Stories

Insolvency stories

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
Australian small businesses under pressure: can optimism and tech transform their 2025?
Customer Relationship Management

Australian small businesses under pressure: can optimism and tech transform their 2025?

Despite facing record insolvencies due to rising costs and reduced consumer spending, Australia's small businesses remain hopeful about 2025, embracing tech-driven strategies.

By Rakesh Prabhakar • 5 min read • Fri, 10th Jan 2025

Stories from Other Regions

Insolvency stories

CIRO announces tiered crypto custody rules for dealers
DevOps

CIRO announces tiered crypto custody rules for dealers

Canada's investment watchdog has unveiled a tiered crypto custody regime, tying asset limits to custodians' capital, tech controls and oversight.

By Jake MacAndrew • 4 min read • Thu, 5th Feb 2026
Canadian firms lose money after using AI for tax advice
Digital Transformation

Canadian firms lose money after using AI for tax advice

Canadian firms are losing cash and facing fines after using chatbots like ChatGPT for tax advice, a survey of accountants has warned.

By Mark Tarre • 4 min read • Fri, 16th Jan 2026
Ireland insolvencies fall 7% as creditor enforcement rises
Deloitte

Ireland insolvencies fall 7% as creditor enforcement rises

Irish insolvencies fall 7% to 812 in 2025, but court liquidations and receiverships surge as creditors and tax authorities tighten enforcement.

By Karen Joy Bacudo • 4 min read • Mon, 12th Jan 2026
ChatGPT tax advice already costing UK firms, say accountants
Digital Transformation

ChatGPT tax advice already costing UK firms, say accountants

UK accountants say firms are already losing money to flawed ChatGPT tax advice and warn misuse of AI could trigger failures by 2026.

By Catherine Knowles • 5 min read • Fri, 19th Dec 2025
Insolvencies rise despite economic optimism
Supply Chain

Insolvencies rise despite economic optimism

Quarterly business failures climbed to 777, signalling pressure from debt and tight credit even as confidence improves across the economy.

By Staff Writer • 4 min read • Wed, 3rd Dec 2025
New Zealand AI tool launched to expose risks in building sector
Email Security

New Zealand AI tool launched to expose risks in building sector

A New Zealand AI tool, CheckMyBuilder, helps homeowners and businesses spot risks with builders for NZD $49, using public records to flag issues before contracts.

By Jed Nykolle Harme • 4 min read • Fri, 10th Oct 2025
State of the Nation
Manufacturing

State of the Nation

Business failures in New Zealand have steadied at elevated levels, with construction, services and retail still driving insolvency pressure.

By Staff Writer • 3 min read • Wed, 17th Sep 2025
Safeguards for subcontractor funds
Law

Safeguards for subcontractor funds

Subcontractors in New Zealand could recover more than NZD $2.1 million after a High Court ruling said retention funds must be ringfenced in trust.

By Staff Writer • 4 min read • Wed, 17th Sep 2025
Clarification sought on 'salvage rights'
Court Case

Clarification sought on 'salvage rights'

About 200 subcontractors could recover unpaid invoices if the High Court rules retention funds were held on trust, not for liquidator fees.

By Staff Writer • 4 min read • Wed, 14th May 2025
Heed the heed warning signs
Manufacturing

Heed the heed warning signs

New Zealand firms are feeling the strain as insolvencies jumped 31% in the first quarter, with construction failures up 44%.

By Staff Writer • 3 min read • Wed, 7th May 2025
Lawyer reflects on Mainzeal’s demise
Risk & Compliance

Lawyer reflects on Mainzeal’s demise

The collapse left unsecured creditors facing a NZD $110 million shortfall and sparked a Supreme Court ruling that reshaped directors’ liability.

By Michael Curreen • 6 min read • Wed, 26th Mar 2025