ATO Debt Enforcement to See Gradual Return

ATO Debt Enforcement to See Gradual Return

Regular readers of this blog will recall that we think the ATO’s current gentle approach to debt pursuit is one of the biggest factors in the current run of record low corporate insolvency numbers. The Government’s Insolvent Trading moratorium and cash...
New Insolvencies on the (slow) Increase

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...
Insolvency Statistics Stay Low in July

Insolvency Statistics Stay Low in July

Here we are in the first recession for Australia since 1992, massive problems for the business world, and yet the number of insolvencies is running at 50-60% below the corresponding months from a year ago.  You’d be aware that is a direct result of “temporary“...