Increase in Australian insolvency numbers
Personal insolvency numbers show a continued increase in numbers but still well below past figures; on the other hand, corporate insolvencies are just approaching pre-COVID-19 levels. Compulsory (court-appointed) bankruptcies and liquidations remain low. The construction industry is prominent in both personal and corporate insolvency numbers. The latest personal insolvency statistics for May 2023[1] show a […]
