Risk Watch Essentials - February 2022

Risk Watch Essentials - February 2022

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 February 2022.

In addition to the tables below, four (4) companies appointed a Restructuring Practitioner during the month of February 2022 in relation to the Debtor in Possession restructuring process for small businesses.

Winding Up applications filed with the Court in February 2022

Winding Up applications    Australia    NSW    VIC    QLD    WA    ACT    SA    NT    TAS   
    92    21 (23%)    39 (42%)    18 (20%)    12 (13%)    0 (0%)    2 (2%)    0 (0%)   

0 (0%)

There were no winding up applications filed by the ATO in February 2022.

Formal Appointments    Australia    NSW    VIC    QLD    WA    ACT    SA    NT    TAS
TOTAL 467 190 (41%) 121 (26%) 87 (19%) 28 (6%) 18 (4%) 16 (3%) 2 (0%) 5 (1%)
Court Liquidation 74 32 (43%) 22 (30%) 15 (20%) 3 (4%) 1 (1%) 1 (1%) 0 (0%) 0 (0%)
Creditors'/Members' Voluntary Liquidation 330 141 (43%) 66 (20%) 64 (19%) 21 (6%) 17 (5%) 14 (4%) 2 (1%) 5 (2%)
Voluntary Administration 63 17 (27%) 33 (52%) 8 (13%) 4 (6%) 0 (0%) 1 (2%) 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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