2012-13 Quarter 1 Insolvency statistics released by ASIC
The first quarter insolvency statistics for the 2012-13 financial year have been released by ASIC. They reveal that corporate insolvencies remain high and appointments remain up on the previous quarter
These statistics confirm our recent experiences here at The Insolvency Experts. Despite the general feeling that the economy is doing well, we are busy speaking to many business owners who have grave concerns about the viability of their businesses amid uncertain economic conditions.
If you are a business owner or director and have any questions about insolvency or liquidation we are here to help. You can call us any time for free expert advice on 1300 767 525. See insolvency statistics below.
Regional results
Most of the states and territories experienced an increase in EXAD appointments in the September 2012 quarter relative to the June 2012 quarter, with only the ACT recording a decrease (down 13.2%). New South Wales was up 11.1%, Victoria was up 2.3% , Queensland was up 9.8%, South Australia was up 28.4%, Western Australia was up 21.3%, Tasmania was up 105.3% and Northern Territory was up 57.1%.
Source: ASIC Posted By: Steven Kugel --------------------------------------------------------------------------------
