My son closed his V small trading biz last week. He will pay all his bills and get his seed capital back so won't show in D&Bs bankruptcy figures but he hasn't been pulling a living wage since the GFC. His landlord was the only one making money.
My biz is dead in the water and I'm dumping equipment I always thought had value that I can't give it away now. Other son is contracting to miners and while he doesn't make the same money as those directly employed he's doin OK. We look to be a microcosm of the Aussie economy.