Risk Watch Essentials – February 2022.
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The tables and graphs below summarise the data essentials captured from our daily Risk Watch publication, which provides a synopsis of the insolvency market for February 2022.
In addition to the tables below, four (4) companies appointed a Restructuring Practitioner during the month of February 2022 in relation to the Debtor in Possession restructuring process for small businesses.
Winding Up applications filed with the Court in February 2022
| Winding Up applications | Australia | NSW | VIC | QLD | WA | ACT | SA | NT | TAS |
| 92 | 21 (23%) | 39 (42%) | 18 (20%) | 12 (13%) | 0 (0%) | 2 (2%) | 0 (0%) | 0 (0%) |
There were no winding up applications filed by the ATO in February 2022.
| Formal Appointments | Australia | NSW | VIC | QLD | WA | ACT | SA | NT | TAS |
| TOTAL | 467 | 190 (41%) | 121 (26%) | 87 (19%) | 28 (6%) | 18 (4%) | 16 (3%) | 2 (0%) | 5 (1%) |
| Court Liquidation | 74 | 32 (43%) | 22 (30%) | 15 (20%) | 3 (4%) | 1 (1%) | 1 (1%) | 0 (0%) | 0 (0%) |
| Creditors’/Members’ Voluntary Liquidation | 330 | 141 (43%) | 66 (20%) | 64 (19%) | 21 (6%) | 17 (5%) | 14 (4%) | 2 (1%) | 5 (2%) |
| Voluntary Administration | 63 | 17 (27%) | 33 (52%) | 8 (13%) | 4 (6%) | 0 (0%) | 1 (2%) | 0 (0%) | 0 (0%) |
Rodgers Reidy is one of the foremost providers of insolvency, forensic and reconstruction services to distressed businesses throughout Australia, New Zealand and Asia. With a strong commitment to integrity and the community, Rodgers Reidy provides a professional and quality service, offering innovative, cost effective solutions. Please contact any of our directors by clicking the appropriate office below for an initial consultation free of charge.
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