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Even the largest businesses can, and do, fail.  We have all read about the collapse of well-known companies such as HIH Insurance, One-Tel, Ansett Airlines, Walter Constructions, National Textiles, Clifford Corporation, ION Automotive, Henry Walker Eltin, Pasminco and so on. 

Unfortunately...

...Each year more than 6,000 Australian companies become insolvent. Of these around 4,000 end up in the hands of liquidators or receivers and are wound up. When problems arise, the media, whether local or national, almost always takes an immediate interest.

Here are a just a few recent examples:

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