Insolvency Appointments
Corporate INSOLVENCY
By Industry: July 2018 to June 2019
© Australian Securities & Investments Commission
The Construction, Accommodation & Food Services and Retail sectors regularly feature among those industries with the highest proportion of insolvencies. Post COVID-19, a detailed understanding of individual customers will be required to understand the specific impacts on that business.
“ARITA members are seeing rising inquiries and distress among tourism, hospitality, retail and resources and construction.” – John Winter, ARITA.
“The economic cost of insolvency is significant, with 96% of unsecured creditors estimated to receive less than 11c in the dollar” – Brad Walters, Equifax
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AICM Insolvency Risk Report 2020
