The Latest Breaking News from CreditorWatch

A record-high 9.4 per cent of food service and hospitality businesses shut their doors in the year to March as cost pressures weighed heavily on households.

Australia's economy is tipped to grow faster in 2025 but US tariffs and trade wars could be enough to send marginal businesses to the wall.

Households are cutting back on clothing, footwear and meals to afford things they cannot do without like insurance, education - and Taylor Swift concerts.

There are few reasons to be optimistic about Australia's growth prospects, as a collection of indicators point to the state of the economy.

F45 has been celebrated as an Aussie success story, but the company now faces multiple lawsuits in the US, a stock price collapse and a growing number of franchises on the market or going bust. Will the fitness empire weather the storm?

High inflation, rising interest rates and falling consumer demand is putting Australian businesses under increasing stress.

The average value of invoices between businesses in January fell to its lowest level since 2015, while trade payment defaults have been trending upward.

Some banks are now trying to entice customers to put their money into savings accounts by offering some of the highest interest rates seen in years.

The number of businesses falling into administration spiked in July as economists warn the economy is headed towards a “turning point”.