A new April record has been set for Australian companies becoming insolvent.
Some 941 firms were put into administration, marking the highest tally for that month since records were first made public in 1999.
Creditor wind-ups increased by eight per cent as voluntary administrations climbed by 16 per cent during April, an FTI Consulting analysis of Australian Securities and Investments Commission data found.
Insolvency levels rose in Victoria and Queensland but fell or remained steady elsewhere.
Almost 3,450 companies have gone into administration so far this year, compared with 3524 during the same period in 2012.
But the number is higher than the opening four months of 2008 to 2011, which included the global financial crisis.
