Bankruptcy statistics – more of the same
With the annual personal insolvency statistics for 2022-2023 not yet released, AFSA has released figures for October 2023, showing 951 new personal insolvencies, falling marginally from 978 in September. Of these, 543 were bankruptcies, 392 were debt agreements, 15 were personal insolvency agreements, and 1 was an insolvent deceased estate. Where AFSA could identify the […]
NZ insolvency practitioner sanctioned
A sanction of a New Zealand liquidator for the poor handling of his matters provides an illustration of New Zealand’s relatively new licensing and co-regulation regime for insolvency practitioners, which contrasts with direct government regulation in Australia. The NZ regime is one of co-regulation, through NZICA, CAANZ, RITANZ and the Registrar of Companies, under the […]
