Director Peter Lucas said it was crucial support for insolvency experts was not abandoned before a wave of company failures hit the economy.
“There will inevitably be company failures and if we are not there then there is going to be serious problems,” Mr Lucas said. “It’s important that insolvency firms stick around for as long as they can.”
CreditorWatch data shows there has been a 48 per cent drop in the number of company administrations in June compared with the same month the year before. Administrations have fallen from 998 in June 2019 to 518 in June this year.
Fall in registered liquidators
The Australian Securities and Investment Commission has also reported the number of registered liquidators declined by about 10 per cent to…
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