Risk Watch Essentials March 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 March 2022.
In addition to the tables below, four (4) companies appointed a Restructuring Practitioner during the month of March 2022 in relation to the Debtor in Possession restructuring process for small businesses.
Winding Up applications filed with the Court in March 2022
| Winding Up applications | Australia | NSW | VIC | QLD | WA | ACT | SA | NT | TAS |
| TOTAL | 143 | 31 (22%) | 62 (43%) | 30 (21%) | 5 (3%) | 2 (1%) | 12 (8%) | 1 (1%) | 0 (0%) |
There was one (1) winding up application filed by the ATO in March 2022
Formal Appointments in March 2022
| Formal Appointments | Australia | NSW | VIC | QLD | WA | ACT | SA | NT | TAS |
| TOTAL | 583 | 246 (42%) | 150 (26%) | 109 (19%) | 30 (5%) | 14 (2%) | 30 (5%) | 1 (0%) | 3 (1%) |
| Court Liquidation | 69 | 19 (28%) | 27 (39%) | 17 (25%) | 2 (3%) | 0 (0%) | 2 (3%) | 0 (0%) | 2 (3%) |
| Creditors’/Members’ Voluntary Liquidation | 437 | 186 (43%) | 112 (26%) | 77 (18%) | 20 (5%) | 14 (3%) | 27 (6%) | 1 (0%) | 0 (0%) |
| Voluntary Administration | 77 | 41 (53%) | 11 (14%) | 15 (19%) | 8 (10%) | 0 (0%) | 1 (1%) | 0 (0%) | 1 (1%) |
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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