ASIC data shows rise in insolvency appointments


Data released today by ASIC shows a strong overall rise in companies entering external administration (EXAD) in the three months to September 2011. Mr Adrian Brown, ASIC’s Senior Executive Leader of Insolvency Practitioners, said that each month of the September quarter saw a consistently high number of appointments, notwithstanding a decrease from August (1049) to […]

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ASIC: corporate insolvencies on the rise

Official figures released by ASIC today reveal corporate insolvencies have risen 4.4% in the 2010-11 financial year to date. ASIC’s Senior Executive Leader of the Insolvency Practitioners team, Adrian Brown, said that despite a decrease in external administration appointments in May compared to the same time last year, these latest figures show the number of […]

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