Risk Watch from Rodgers Reidy provides a synopsis of the insolvency market in Australia for May 2023 including:
During the month of May 2023, 28 companies appointed a Restructuring Practitioner out of a population of around 990,000 small companies in Australia.
Engaging experienced corporate insolvency experts like Rodgers Reidy to deal with businesses dealing with financial distress can bring several benefits. Sometimes, it is about fairness to creditors, but we can help save businesses in many instances.
In Australia, bankruptcy, or personal insolvency, is governed by the Bankruptcy Act 1966. Here are some specific considerations for individuals faced with financial distress in Australia who are considering declaring themselves bankrupt.