Congratulations Aiko

We are very pleased to announce that Aiko Wang of Rodgers Reidy NSW office has been registered as a Trustee in Bankruptcy.

She is now a Registered Trustee and a Registered Liquidator.

It’s been a good start for Aiko following an article in the CAANZ Acuity Magazine which recognised her amongst 20 young chartered accountants in Australia reaching significant achievements and breaking down barriers in their chose careers.  A link to the article is below.

20 chartered accountants to watch/Acuity (Acuitymag.com)

Rodgers Reidy are leaders in gender equality and diversity and note that 30% of Rodgers Reidy’s Liquidators are female, compared to the industry average of 9%.

We congratulate Aiko on her achievements.

Small Business Restructuring

During the month of January 2023, 48 companies appointed a Restructuring Practitioner in relation to the Debtor in Possession restructuring process for small businesses.

Rodgers Reidy is the leading appointee for appointments in relation to Small Business Restructuring.  We have achieved excellent results for our clients, restructuring their businesses and saving the vast majority from a formal liquidation or administration. We urge directors to consider this an option and act early.  Feel free to contact your local Rodgers Reidy office to discuss whether this option is right for your clients.

Winding Up applications filed with the Court in January 2023

Winding Up applications	Australia	NSW		VIC		QLD		WA		ACT		SA		NT		TAS
TOTAL	(No.)	(No.)	(%)	(No.)	(%)	(No.)	(%)	(No.)	(%)	(No.)	(%)	(No.)	(%)	(No.)	(%)	(No.)	(%)
	178	64	36	66	37	33	19	8	4	0	0	6	3	0	0	1	1

 

There were eight (8) winding up applications filed by the ATO in January 2023.  This is only a fraction of the number of the winding up applications that the ATO routinely filed prior to the pandemic.

Formal Appointments in January 2023

Formal Appointments	Australia	NSW		VIC		QLD		WA		ACT		SA		NT		TAS
TOTAL	(No.)	(No.)	(%)	(No.)	(%)	(No.)	(%)	(No.)	(%)	(No.)	(%)	(No.)	(%)	(No.)	(%)	(No.)	(%)
	397	177	45	101	25	64	16	23	6	14	4	15	4	0	0	3	1
Court Liquidation	40	5	13	23	58	11	28	1	3	0	0	0	0	0	0	0	0
Creditors’/Members’ Voluntary Liquidation	335	162	48	73	22	51	15	21	6	12	4	13	4	0	0	3	<1
Voluntary Administration	22	10	45	5	23	2	9	1	5	2	9	2	9	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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