Insolvency

Insolvency is when a company or person can't pay debts when they are due

There are several options available to an insolvent company or person:

ASIC regulates insolvent companies, it does not manage personal insolvency procedures. For more information about bankruptcy and personal insolvency agreements, visit the Australian Financial Security Authority website.

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If you are owed money by an insolvent company, you are a creditor.

Search our notices to find out if a company is insolvent 🔍

ASIC also tracks corporate insolvency trends in Australia and reports on them monthly. Find out more.

On 23 March 2020, Government passed temporary laws to help businesses in financial distress because of the COVID 19 pandemic. Find out more.

ASIC has also begun publishing weekly statistics of companies entering external administration. Find out more.

Last updated: 11/08/2020 11:45