Preventing insolvency. Scott Andersen.Worrells

Our latest pod cast with Scott Andersen , a director and partner at Worrells https://worrells.net.au an insolvency practice and liquidation specialist firm. The conversation discusses the growing number of insolvencies in Australia, particularly in the regions, and the impact on businesses, especially small-to-medium enterprises. Scott provides insights into the reasons for the uptick, such as the economic downturn, rising interest rates, and increased ATO collection activities. He offers advice to struggling business owners and directors, encouraging them to seek professional assistance early on to avoid dire consequences