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The Top 4 Industries Where Your Australian Customers Are Most Likely to Go Bankrupt
Four industries account for a disproportionate share of Australian personal insolvency filings. If your customers are in these sectors, here's what you need to monitor.
The Top 4 Industries Where Your Australian Customers Are Most Likely to Go Bankrupt
Four industries account for a disproportionate share of Australian personal insolvency filings. If your customers are in these sectors, here's what you need to monitor.
Most creditors assume they'll know when a customer is in trouble. In reality, deterioration is visible months before filing — but only if someone is watching the right signals.
Industry sector is not a perfect predictor of individual insolvency — but it is a powerful baseline risk factor that should inform your credit policy, monitoring intensity, and exposure.
Before extending credit to a sole trader, run an NPII check and a QLEI search. Two minutes now is vastly less than months of recovery work if they file.