July – September 2021

2621 new personal insolvencies in the September quarter 2021, these were down 12.3% compared to September quarter 2020. All states and territories saw reductions except for Tasmania.

For the September 2021 quarter compared to September 2020 quarter:

• Bankruptcies fell by 5.6%
• Debtors petitions fell by 7.5%
• Sequestration orders rose by 15.3%
• Debt Agreements fell by 22.5%
• Personal insolvency agreements rose by 52.2%

In the September quarter 2021, 90% of bankruptcies were by debtor’s petition (voluntary). The remaining bankruptcies were by sequestration order (involuntary).

34.2% of bankruptcies were business related, […]

January – March 2021

2545 new personal insolvencies in the March quarter 2021, these were down 52.9% compared to March quarter 2020. These were comprised of:

• 1712 bankruptcies, down 47.3%
• 816 debt agreements, down 61.4%
• 17 personal insolvency agreements, down 55.3%

97% of bankruptcies were by debtor’s petition (voluntary). The remaining bankruptcies were by sequestration order (involuntary).

30.8% of bankruptcies were business related, down from 37.3% in the March quarter 2020.

The number of personal insolvencies rose 5.8% compared to the December quarter 2020.

State and territory levels

Personal insolvency fell 52.9% compared to the […]