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AAP
AAP
Alex Mitchell

Restaurants, building firm insolvencies remain high

Insolvencies remain trending higher among the food and beverage sector, CreditorWatch says. (Dan Peled/AAP PHOTOS)

The level of Australian businesses going under appears to be stabilising, but firms are still becoming insolvent at record-high numbers.

Restaurants and construction firms remain hardest hit in CreditorWatch's monthly Business Risk Index, which found more than 14,000 businesses went bust in the 2024-25 financial year.

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