ARTICLE · 08 NOVEMBER 2021

Where have all the insolvencies gone?

Worrells

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Some deferred insolvencies could take place through 2022, pushing insolvency numbers above historical levels.

AustraliaInsolvency/Bankruptcy/Re-Structuring

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AND WHEN WILL THE VOLUME RETURN?

It's a question the insolvency industry has been asking over the last 18 months. As the economy has gone through lockdowns and a technical recession, insolvency appointments have fallen to record lows. Let's dig into what has kept insolvencies so low through the pandemic period and now we are on the other side, when will things bounce back.

Corporate insolvency

Corporate insolvencies have continued the trend through the pandemic and remained well below historical levels through the third quarter of 2021. While recovering somewhat from the ultra-low numbers seen through 2020, numbers of corporate insolvency appointments are still 30% below historical levels.

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