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December 2011 Corporate Insolvency Statistics Released

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You may have got our early call last month that 2011 would be the worst year ever for insolvency numbers – well ASIC has just released the corporate insolvency statistics for December 2011 and they confirm our earlier prediction.  They show that although December 2011 is down from November 2011, overall 2011 was the highest year on record for corporate insolvencies with 10,481 companies entering some form of liquidation, administration or receivership. This represents a 9.2% increase over the previous highest which was 9, 601 in 2010.

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