Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Insolvency comparison site launched

The first-of-its-kind comparison site promises to make it easier for businesses exploring insolvency options in the wake of COVID-19.

Business John Buckley 25 March 2021
— 1 minute read

Insolvency Australia on Wednesday announced the launch of its namesake comparison site which will act as a centralised directory and comparison platform for business owners and their advisers to weigh up restructuring and insolvency options.

Advertisement
Advertisement

The comparison site only lists specialists who are registered with the Australian Securities and Investments Commission (ASIC) and the Australian Financial Security Authority (AFSA).

Paul Vincent, director of Insolvency Australia, said the independent platform was created in a bid to make it easier for business owners navigate “the maze” of insolvency solutions available to them.

“There’s a definitive number of registered liquidators and bankruptcy trustees in Australia, and by having them all on one platform enables those needing advice to easily find someone in their state or territory, or who has the experience and expertise they require,” he said. 

The site will be free to users and practitioners, though it will offer practitioners an opportunity to pay to upgrade their profiles to unlock premium services that include the ability to upload assets spanning videos, images and white papers, and even “blogs”. 

“The site enables [practitioners] to make their profile a more powerful marketing tool 24/7 by including additional information such as expertise, achievements, areas of speciality, videos, white papers and more,” Mr Vincent said. 

“It’s also a self-managed portal, so they can update their information as required.”

Mr Vincent said insolvency has become a “hot topic”, with the site emerging at a time when insolvency and bankruptcy searches have “increased significantly”. 

“According to Google Trends, searches for the terms insolvency and bankruptcy in Australia have increased significantly since the pandemic was declared in March last year,” he said.

“There have been various peaks [in search volume] — including around the end of last and start of this financial year — and searches are starting to rise again, coinciding with the winding up of government stimulus measures.”

Insolvency comparison site launched
image intro
accountantsdaily logo
John Buckley

John Buckley

John Buckley is a journalist at Accountants Daily. 

Before joining the team in 2021, John worked at The Sydney Morning Herald. His reporting has featured in a range of outlets including The Washington Post, The Age, and The Saturday Paper.

Email John at This email address is being protected from spambots. You need JavaScript enabled to view it.

Business