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Insolvency Statistics for February 2013 released

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ASIC’s  Insolvency statistics for February 2013 have just been released, and the results are largely as expected.

There were 960 corporate insolvency appointments in February 2013, a 15% decrease from 2012′s February total of 1,123, but it should be noted February 2012 was the highest single month ever recorded. It is also an 11% increase over the average of the previous 5 Februaries.

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The expected surge of court appointed windups in February has occurred again in 2013 with 366 appointments for the month, the second highest month ever recorded. Court windups made up 38% of the national total

Geographically, all states followed recent averages.

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