ASIC’s quarterly insolvency statistics for the September 2015 quarter show a national increase for all external administrations of 8% compared to the June 2015 quarter, and a 20% increase on the September 2014 quarter.
Interestingly, the detail shows that court liquidations (up 54%) and voluntary administrations (up 12%) rose nationally compared to the June 2015 quarter while creditor voluntary liquidations and receiverships fell overall (down 16% and 6% respectively).
Court liquidations were up 74% compared to the September 2014 quarter. We speculate as to whether this significant increase is due to the increased debt recovery activity by the ATO.
March 2016