Where did all the money go?

Hayden Asper of Worrells looks at ASIC’s review of nearly 30,000 Australian corporate liquidations between 2021 and 2025, revealing that half realised $10,000 or less in gross assets, only 5.3% of finalised liquidations paid a dividend to ordinary unsecured creditors and the median return was just 9.8 cents in the dollar, while explaining why potentially recoverable claims rarely translate into meaningful creditor distributions and arguing that better credit risk management and more cost-effective recovery mechanisms are essential to improving outcomes.

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