July – September 2020

2946 new personal insolvencies across Australia in the September quarter 2020. These were comprised of:

  • 1676 bankruptcies, down by 54.6% on the September quarter 2019.
  • 1247 debt agreements
  • 23 personal insolvency agreements

Bankruptcies in the September quarter 2020 were at their lowest level since AFSA’s current records began in the September quarter 1986. There were falls in all states and territories.
Personal insolvencies in Australia were down 50.9% compared to September quarter 2019. Tasmanian Personal insolvencies were down 61.9%.

26.3% of Bankrupts entered a business related personal Insolvency.

State and territory figures will not necessarily sum to the national total. If multiple debtors in the same state or territory enter into a joint administration, they are only included once in these figures.

Source: Australian Financial Security Authority. Total personal insolvencies September 2020 quarter, http://www.afsa.gov.au/statistics/personal-insolvency-statistics-0
For further information on these statistics, please refer to http://www.afsa.gov.au/statistics/personal-insolvency-statistics-0

State

Number of Bankruptcies
September Quarter 2020

Number of Bankruptcies
September Quarter 2019

Percentage drop
on
previous year

Tasmania

56

147

61.9%

Victoria

562

1024

45.1%

NSW

893

1769

49.5%

Queensland

809

1768

54.2%

South Australia

156

343

54.5%

Northern Territory

35

68

48.5%

Western Australia

370

780

52.6%

ACT

39

78

50%