ASIC’s new review of insolvent liquidations found that many companies entered the process with few assets available to repay creditors. Report 843 examined 26,664 grouped appointments between 1 July 2021 and 30 June 2025, comprising 7,023 court liquidations and 19,641 creditors’ voluntary liquidations. The Australian regulator said the report provides its first publication at this level of detail on the two liquidation processes.
The review covers the characteristics of companies entering liquidation, their assets and liabilities, creditor returns, liquidator remuneration and the use of simplified liquidation. It found that around half of finalised liquidations realised no more than A$10,000 in gross assets, while around…