Insolvencies dip in December
There was a slight, though possibly seasonal, dip in the level of company insolvencies reported during the month of December 2008, according to the Australian Securities and Investments Commission.ASIC said 813 companies entered voluntary administration during December, compared with a range of 765 to 1011 over the five preceding months.There were another 1403 involuntary insolvency appointments, compared with a range of 1235 to 1563.