A Guide to Voluntary Administration

A Guide to Voluntary Administration Businesses operating under a company structure have a few different options when it comes to insolvency and business turnaround processes, and - if your business is in financial strife - voluntary administration may be one of the options you’re considering.  So, what is voluntary administration, and why would a company [...]

By | January 30th, 2020|Liquidations, Voluntary administration|0 Comments

Latest ASIC statistics

ASIC released its quarterly insolvency statistics for the third quarter of the 2015/16 financial year. It shows a decrease of 15.7% for companies entering external administration (EXAD). Liquidation appointments totalled 2,106 compared to 2,499 in the previous quarter. - Court liquidations were down 28.4%, except for South Australia (up 31%). - Creditors' Voluntary Liquidations were [...]

By | June 27th, 2016|Liquidations, Voluntary administration|0 Comments