AFSA Bankruptcy Statistics 2008/2009

The Insolvency Trustee Service Australia has released the 2008/2009 Personal Insolvency Statistics.

The statistics reveal the following:

nt”>Personal Insolvency appointments

  • 29% annual increase in Debt Agreement appointments
  • The statistics reveal that many Australians (8,567) in the last 12 months (July 2008 to June 2009) avoided formal bankruptcy by entering into a legally binding Debt Agreement with their creditors.

    27,503 Australians couldn’t avoid bankruptcy and were declared bankrupt in the same period.

    ADMINISTRATIONS UNDER THE BANKRUPTCY ACT 1966
    STATISTICS (PROVISIONAL*)
    JULY 2008 – JUNE 2009
    Bankruptcies Debt Agreements Personal Insolvency Agreements Total Personal Insolvency Activity
    08/09 07/08 % Change 08/09 07/08 % Change 08/09 07/08 % Change 08/09 07/08 % Change
    NSW 10,499 9,934 5.69% 2,876 2210 30.14% 84 58 44.83% 13,459 12,202 10.30%
    ACT 245 214 14.49% 100 83 20.48% 3 1 200.00% 348 298 16.78%
    VIC 5,980 5,725 4.45% 2,351 1877 25.25% 249 134 85.82% 8,580 7,736 10.91%
    QLD 6,232 5,708 9.18% 2,096 1647 27.26% 34 42 -19.05% 8,362 7,397 13.05%
    SA 1,944 2,081 -6.58% 291 222 31.08% 13 7 85.71% 2,248 2,310 -2.68%
    NT 102 125 -18.40% 65 61 6.56% 0 0 0.00% 167 186 -10.22%
    WA 1,660 1,431 16.00% 562 379 48.28% 23 32 -28.13% 2,245 1,842 21.88%
    TAS 841 752 11.84% 226 139 62.59% 3 3 0.00% 1,070 894 19.69%
    Total 27,503 25,970 5.90% 8,567 6618 29.45% 409 277 47.65% 36,479 32,865 11.00%

    *Personal Insolvency Statistics sourced from AFSA

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