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, down from 40.9 % in the September quarter 2020.
The number of personal insolvencies fell 2.3% compared to the June quarter 2021 when there were 2682 personal insolvencies.
State and territory levels
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 2021 quarter,
http://www.afsa.gov.au/about-us/statistics/quarterlypersonal-insolvency-statistics-0
For further information on these statistics, please refer to www.afsa.gov.au/about-us/statistics
|
State |
Number of Bankruptcies |
||
|
Tasmania |
69 |
||
|
Victoria |
447 |
||
|
NSW |
813 |
||
|
Queensland |
773 |
||
|
South Australia |
138 |
||
|
Northern Territory |
33 |
||
|
Western Australia |
303 |
||
|
ACT |
36 |