Notice to banks #2: Australia’s dormant red ink is an economic time bomb
- jack8463
- Aug 11, 2020
- 1 min read
A web of red ink is spilling out across Australia, dormant but deadly. Companies that would normally have gone broke are instead operating, taking on debts they will never be able to pay back.
“Anybody you’re doing business with might be broke and you just don’t know it,” says John Winter, CEO of the Australian Restructuring Insolvency and Turnaround Association.
