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

Man to Man collapses into liquidation

Menswear chain Man to Man has called in liquidators, just over a year since it emerged from voluntary administration under new owners. Man to Man appointed voluntary administrators back in 2014. At the time, the 35-year-old retailer citied tough trading conditions as well as a failed investment. Man to Man later emerged from the administration [...]

By | June 27th, 2016|liquidations|0 Comments