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Insolvency Stories

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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

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

Earlypay warns SMEs on late payments as costs rise
Supply Chain

Earlypay warns SMEs on late payments as costs rise

Rising costs and overdue invoices are squeezing Australian SMEs, with late payments now at a six-year high, Earlypay says.

By Karen Joy Bacudo • 5 min read • Last week
Waste services insolvencies surge as defaults climb
Supply Chain

Waste services insolvencies surge as defaults climb

Insolvencies in the industry are now more than three times the national average, as diesel, landfill levies and debt costs squeeze margins.

By Karen Joy Bacudo • 5 min read • Last month
Brickflow & Revcore launch distressed property team
Fintech

Brickflow & Revcore launch distressed property team

Rising rates and insolvencies are forcing lenders to move faster on troubled assets, prompting a new workout service for distressed property.

By Sean Mitchell • 4 min read • Last month
Australia's late business payments hit six-year high
Manufacturing

Australia's late business payments hit six-year high

Cash-flow strain is deepening as overdue invoices and tax debts rise, with smaller firms hardest hit by higher rates and costs.

By Karen Joy Bacudo • 6 min read • Wed, 20th May 2026
Australia's truck sector faces fuel, staff & safety strain
Digital Transformation

Australia's truck sector faces fuel, staff & safety strain

Rising diesel prices and tighter rules are squeezing operators, with many warning that cashflow and driver shortages could tip them into failure.

By Mark Tarre • 6 min read • Mon, 18th May 2026
Mid-sized fintech firms squeezed out as funding tightens
Fintech

Mid-sized fintech firms squeezed out as funding tightens

Higher rates and tougher investor scrutiny are forcing mid-tier fintechs into sales, restructuring or shutdown as capital pools shrink.

By Karen Joy Bacudo • 4 min read • Mon, 20th Apr 2026
Crazy John's collapse: Market change and strategic missteps
Marketing Technologies

Crazy John's collapse: Market change and strategic missteps

From suburban upstart to shuttered chain, Crazy John's rise and fall charts how carriers and online sales rewrote Australia's mobile market.

By Karen Joy Bacudo • 5 min read • Mon, 2nd Mar 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
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
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