The Dark Cloud of More Lockdowns Has a Silver Lining for Small Business
COVID Lockdowns have hit Australian small businesses hard without question. You only have to walk the streets of the Sydney CBD to see empty spaces where cafes and restaurants once thrived. With big business continuing to work from home, foot traffic hasn’t come...
New Insolvencies on the (slow) Increase
ASIC has just published the Corporate Insolvency statistics for March 2021. There were 439 new corporate insolvencies which includes Liquidations, Voluntary Administrations and the new Small Business Restructurings. 439 is a 28% increase over February 2021 which was...
January 2021 was the Lowest Month on Record for New Insolvencies
The ASIC insolvency appointment statistics have just been updated, and January 2021 was the lowest month for new corporate insolvency appointments since records started in 1998. There were 192 new appointments in January, made up of 134 Creditors wind-ups, 25...
Insolvency Statistics update – Record Lows August + September
New insolvency appointments continue to go even lower, even though Australia is in recession. Numbers have been down on average 45% on the previous year since the start of April 2020. Recent results have dropped even further. August 2020 at 275 new insolvency...
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