Insolvency can affect the lives and livelihoods of many people: employees, directors, suppliers, creditors - and more. It may involve the courts and government regulators. With so many interested parties, it’s important to understand the insolvency process.
Every year, around 400,000 Australians are affected by approximately 30,000 bankruptcies and 10,000 corporate external administrations.
The impact on everyone’s lives can be significant.
This website includes information on how it impacts individuals, companies , company directors, employees, creditors and shareholders . For further information, please find and contact an ARITA Insolvency Practitioner , visit the ASIC website or AFSA website.