Insolvencies on rise

A record number of Australian companies went bust in April. A total of 941 firms were put into administration, marking the highest monthly tally since records were made public in 1999. Insolvency levels rose in Victoria and Queensland but fell or remained steady elsewhere. Almost 3450 companies have gone into administration this year.

A record number of Australian companies went bust in April. A total of 941 firms were put into administration, marking the highest monthly tally since records were made public in 1999. Insolvency levels rose in Victoria and Queensland but fell or remained steady elsewhere. Almost 3450 companies have gone into administration this year.