Bankruptcy Statistics March Quarter 2021

2021-06-29T23:56:57+10:00June 29th, 2021|Industry Data, TASCollect|

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 […]

Go to Top