Bankruptcies
In 2022–23, 91% of new bankruptcies were by debtors’ petition (voluntary bankruptcies). This proportion kept the same value in 2021–22. The remaining 9% of new bankruptcies in 2022–23 were by sequestration order (bankruptcies initiated by creditors).
State or territory | Number of bankruptcies by debtors’ petition | Number of bankruptcies by sequestration order | ||
---|---|---|---|---|
2021–22 | 2022–23 | 2021–22 | 2022–23 | |
NSW |
1,622 |
2,093 |
252 |
251 |
ACT |
60 |
46 |
7 |
3 |
Vic |
847 |
800 |
138 |
112 |
Qld |
1,634 |
1,341 |
104 |
69 |
SA |
352 |
342 |
17 |
17 |
NT |
31 |
28 |
2 |
4 |
WA |
616 |
437 |
31 |
30 |
Tas |
172 |
179 |
1 |
4 |
Total |
5,334 |
5,266 |
552 |
490 |
Note: Debtor’s petitions include insolvent deceased estates.
There were 4,887 people who were bankrupt by sequestration order but had not submitted a statement of affairs. Of these, 86% became bankrupt at least 5 years ago.
Number of years since been made bankrupt by sequestration order | Number of bankrupts who have not lodged a statement of affairs |
---|---|
Less than one year |
96 |
One year |
160 |
Two years |
113 |
Three years |
101 |
Four years |
197 |
Five to ten years |
1,047 |
More than ten years |
3,173 |
Total |
4,887 |
Section 74 annulments occur when creditors accept a composition or arrangement to settle debts. In 2022–23, there were 73 section 74 annulments.
Section 153A annulments occur when a bankrupt pays all his or her debts in full. In 2022–23, there were 257 section 153A annulments.
Section 153B annulments occur when a bankrupt successfully applies to the court for an order annulling his or her bankruptcy. In 2022–23, there was 2 section 153B annulments.
Type of annulment | Number of annulments | |
---|---|---|
2021–22 | 2022–23 | |
Notices (s.74(5A)) |
84 |
73 |
Certificates (s.153A) |
250 |
257 |
Applications (s.153B) to Federal Court with a result of granted |
1 |
2 |
Consistent with previous years, most objections to discharge extended bankruptcy to eight years in 2022–23. There were 18 objections to discharge extending bankruptcy by 5 years, and 323 objections to discharge extending bankruptcy to 8 years.
Objections filed by: | Number of objections extending bankruptcy to 5 years | Number of objections extending bankruptcy to 8 years | ||
---|---|---|---|---|
2021–22 | 2022–23 | 2021–22 | 2022–23 | |
Official Trustee |
2 |
2 |
422 |
29 |
Registered trustees |
18 |
16 |
421 |
294 |
Total |
20 |
18 |
843 |
323 |
In 2022–23, trustees (including the Official Trustee and Registered Trustees) administered more than $31 million in contributions from 2,696 bankruptcies. This includes voluntary contributions.
Trustees declared and paid dividends in 1,320 bankruptcies in 2022–23. These dividends returned more than $64 million to creditors.
Administered by the Official Trustee | Administered by registered trustees | |
---|---|---|
Number of bankruptcies in which contributions were paid* |
251 |
2,445 |
Value of contributions ($)* |
$1,161,391 |
$30,018,295 |
Number of bankruptcies in which dividends (interim and final) were declared and paid |
434 |
886 |
Value of dividends ($) |
$7,600,189 |
$56,791,934 |
* Includes voluntary contributions.
There were 8,019 bankrupt estates finalised in 2022–23. Unsecured creditors received an average of 2.19 cents for every dollar they were owed.
The following table shows the average rate of return in bankrupt estates. An insolvency proceeding is reported as one administration regardless of whether there are multiple debtors. Each partner in the insolvency proceeding has an estate.
Official Trustee | Registered trustees | Total | |
---|---|---|---|
Number of estates finalised during the year |
5,400 |
2,619 |
8,019 |
Number of finalised estates that have paid a dividend |
457 |
770 |
1,227 |
Percentage of finalised estates that have paid a dividend |
8.46% |
29.40% |
15.30% |
Average rate of return for unsecured creditors in dividend paying estates (cents per dollar) |
7.78 |
10.83 |
10.04 |
Average rate of return for unsecured creditors in all finalised estates (cents per dollar) |
1.27 |
2.68 |
2.19 |
Debt agreements
The Official Receiver received 5,276 debt agreement proposals in 2022–23. Of these proposals, 89% reached the voting deadline. On 30 June 2023, creditors had accepted 4,117 of the debt agreement proposals lodged during the year.
We report figures based on the date of lodgement of debt agreement proposals. These tables may not reconcile with figures provided in other tables or other publications.
Debt agreement proposal activity | 2018–19 | 2019–20 | 2020–21 | 2021–22 | 2022–23 |
---|---|---|---|---|---|
Debt agreement proposals received |
13,579 |
9,461 |
4,488 |
4,250 |
5,276 |
Proposals rejected by Official Receiver |
565 |
539 |
337 |
288 |
470 |
Proposals accepted by Official Receiver for creditor vote |
12,992 |
8,908 |
4,143 |
3,960 |
4,800 |
Proposals cancelled by Official Receiver during voting period |
448 |
288 |
133 |
113 |
115 |
Number of proposals reaching voting deadline |
12,544 |
8,620 |
4,010 |
3,847 |
4,685 |
Number rejected by creditors or no vote received |
1,047 |
1,304 |
525 |
454 |
568 |
Number of new agreements made (accepted by creditors) |
11,497 |
7,316 |
3,485 |
3,393 |
4,117 |
Note: Due to changes in processing timings, systems changes and delays in status updates, these tables may not reconcile fully. We released the debt agreements online service in January 2018.
As at 30 June 2023, creditors accepted 4,117 debt agreement proposals in 2022–23 that reached the voting deadline.
This table shows a progressive summary of the outcome of debt agreement proposals that reached the voting deadline as at 30 June 2023. We report these figures based on the date of lodgement of debt agreement proposals. These tables may not reconcile with figures provided in other tables.
Voting outcome activity | 2018–19 | 2019–20 | 2020–21 | 2021–22 | 2022–23 |
---|---|---|---|---|---|
Reached voting deadline |
12,544 |
8,620 |
4,010 |
3,847 |
4,685 |
Rejected by creditors or no vote received |
1,047 |
1,304 |
525 |
454 |
568* |
Accepted by creditors (new debt agreements) |
11,497 |
7,316 |
3,485 |
3,393 |
4,117 |
* The voting period for creditors to vote on whether to accept a debt agreement proposal is generally five weeks. If we do not know the vote result on 30 June 2022, we report the outcome as ‘rejected by creditors or no vote received’.
Note: Due to changes in processing timings, systems changes and delays in status updates, these tables may not reconcile fully. We released the debt agreements online service in January 2018.
There were 20,305 debt agreements not yet completed on 30 June 2023. In 2022–23, 14,321 debt agreements were completed or terminated:
- 12,729 debt agreements completed
- 203 terminated by creditors
- 1,389 terminated by six month arrears default.
State or territory | Number of agreements not yet completed at 1 July 2022 |
Number of new agreements made in 2022–23 |
Number of agreements completed in 2022–23 |
Number of agreements terminated by creditors in 2022–23 | Number of agreements terminated by 6 month arrears default in 2022–23 |
Number of agreements not yet completed at 30 June 2023 |
---|---|---|---|---|---|---|
NSW |
9,442 | 1,186 | 3,874 | 67 | 498 | 6,189 |
ACT |
415 | 48 | 176 | 2 | 19 |
266 |
Vic |
5,434 | 733 | 2,305 | 39 | 223 | 3,600 |
Qld |
9,041 | 1,222 | 3,765 | 36 | 407 | 6,055 |
SA |
1,552 | 203 | 598 | 13 | 60 | 1,084 |
NT |
407 | 62 | 165 | 2 | 25 | 277 |
WA |
3,697 | 362 | 1,604 | 34 | 118 | 2,304 |
Tas |
695 | 126 | 242 | 10 | 39 | 530 |
Total |
30,683 |
3,942 |
12,729 |
203 |
1,389 |
20,305 |
Note: Due to changes in processing timings, systems changes and delays in status updates, these tables may not reconcile fully. We released the debt agreements online service in January 2018.
On 30 June 2023, 45% of debt agreements lodged in 2018–19 were still active. As debt agreements run their course, this proportion becomes progressively higher for past years.
This table shows a progressive summary of the outcome of new debt agreements as at 30 June 2023. We report these figures based on the date of lodgement of debt agreement proposals. These tables may not reconcile with figures provided in other tables.
Debt agreement activity | 2018–19 | 2019–20 | 2020–21 | 2021–22 | 2022–23 |
---|---|---|---|---|---|
Terminated by creditors/court |
441 |
161 |
73 |
48 |
15 |
Terminated by six-month arrears default |
1,396 |
793 |
355 |
287 |
92 |
Agreements completed |
4,507 |
4,980 |
922 |
166 |
19 |
Agreements not yet completed |
5,153 |
1,382 |
2,135 |
2,895 |
3,991 |
Note: Due to changes in processing timings, systems changes and delays in status updates, these tables may not reconcile fully. We released the debt agreements online service in January 2018.
The most common estimated rate of dividend in a debt agreement proposal in 2022–23 was between 41 and 50 cents per dollar owed, 88% of these proposals became debt agreements.
Estimated rate of dividend (cents per dollar) | Number of debt agreement proposals accepted by the Official Receiver | Number of debt agreements made | Proportion of debt agreement proposals that became debt agreements |
---|---|---|---|
Less than 31 cents |
476 |
324 |
68.1% |
31–40 cents |
1,100 |
923 |
83.9% |
41–50 cents |
1,749 |
1,531 |
87.5% |
51–60 cents |
662 |
585 |
88.4% |
61–70 cents |
474 |
427 |
90.1% |
71–80 cents |
131 |
125 |
95.4% |
81 cents or more |
29 |
27 |
93.1% |
Total |
4,621 |
3,942 |
85.3% |
Creditors received an average of 51.74 cents per dollar owed in debt agreements completed in 2022–23.
State or territory | Number of debt agreements finalised | Value of creditor claims ($) | Value of dividends paid ($) | Rate of return (cents per dollar) |
---|---|---|---|---|
NSW |
3,832 |
$139,488,717 |
$71,547,171 |
51.29 |
ACT |
175 |
$6,916,581 |
$3,693,040 |
53.39 |
Vic |
2,280 |
$84,915,738 |
$43,662,753 |
54.28 |
Qld |
3,014 |
$109,682,097 |
$60,915,888 |
52.49 |
SA |
588 |
$21,526,988 |
$11,063,417 |
51.39 |
NT |
163 |
$6,457,533 |
$3,347,512 |
51.84 |
WA |
1,593 |
$65,394,808 |
$33,598,380 |
51.38 |
Tas |
238 |
$8,507,595 |
$4,496,281 |
52.85 |
Total |
12,571 |
$464,505,833 |
$240,329,204 |
51.74 |
Temporary debt protections
In 2022–23, 238 temporary debt protections were accepted, an increase of 15% from 2021–22. New South Wales and Queensland had the highest numbers of temporary debt protections accepted in 2022–23.
State or territory | Number of temporary debt protections accepted | |
---|---|---|
2021–22 | 2022–23 | |
NSW |
75 |
108 |
ACT |
0 |
2 |
Vic |
29 |
35 |
Qld |
60 |
50 |
SA |
11 |
12 |
NT |
2 |
1 |
WA |
20 |
21 |
Tas |
10 |
9 |
Total |
207 |
238 |
Personal insolvency agreements
There were 238 personal insolvency agreement estates finalised in 2022–23 by registered trustees. Unsecured creditors received an average of 10.36 cents for every dollar they were owed. There were no personal insolvency agreement estates finalised by the Official Trustee in 2022–23. The Official Trustee only administers personal insolvency agreements when a registered trustee resigns, is deregistered or dies.
The following table shows the average rate of return in personal insolvency agreement estates. An insolvency proceeding is reported as one administration regardless of whether there are multiple debtors. Each partner in the insolvency proceeding has an estate.
Activity | Registered trustees |
---|---|
Number of estates finalised during the year |
238 |
Number of finalised estates that have paid a dividend |
199 |
Percentage of finalised estates that have paid a dividend |
83.61% |
Average rate of return for unsecured creditors in dividend paying estates (cents per dollar) |
12.70 |
Average rate of return for unsecured creditors in all finalised estates (cents per dollar) |
10.36 |
Practitioner administration
The Official Trustee administers most new bankruptcies. In 2022–23, the Official Trustee administered 76% of bankruptcies. This is the same value with 76% in 2021–22.
State or territory | Number of bankruptcies administered by the Official Trustee | Number of bankruptcies administered by registered trustees | ||
---|---|---|---|---|
2021–22 | 2022–23 | 2021–22 | 2022–23 | |
NSW |
1,382 |
1,697 |
492 |
647 |
ACT |
48 |
36 |
19 |
13 |
Vic |
677 |
677 |
308 |
235 |
Qld |
1,394 |
1,133 |
344 |
277 |
SA |
316 |
306 |
53 |
53 |
NT |
23 |
22 |
10 |
10 |
WA |
474 |
320 |
173 |
147 |
Tas |
159 |
161 |
14 |
22 |
Total |
4,473 |
4,352 |
1,413 |
1,404 |
Official Trustee
The Official Trustee administered more than $21 million in receipts in 2022–23. Asset sales accounted for 80% of these receipts.
The Official Trustee administered nearly $32 million in payments in 2022–23. Dividends and secured creditor payments accounted for 40% of these payments.
State or territory | Total receipts | Total payments | ||
---|---|---|---|---|
2021–22 | 2022–23 | 2021–22 | 2022–23 | |
NSW |
$14,100,488 | $6,493,516 | $11,680,295 | $9,493,789 |
ACT |
$615,452 | $192,934 | $819,977 | $258,968 |
Vic |
$7,794,715 | $2,319,789 | $7,747,972 | $4,643,434 |
Qld |
$14,159,935 | $6,982,972 | $13,726,358 | $9,496,820 |
SA |
$3,975,644 | $2,186,070 | $4,101,570 | $2,995,324 |
NT |
$987,779 | $732,296 | $876,469 | $995,377 |
WA |
$6,922,370 | $2,079,919 | $7,414,699 | $3,442,496 |
Tas |
$1,439,646 | $301,950 | $1,773,544 | $553,206 |
Total |
$49,996,028 |
$21,289,445 |
$48,140,884 |
$31,879,413 |
Registered trustees
Registered trustees administered more than $290 million in receipts in 2022–23. Asset sales accounted for 55% of these receipts.
Registered trustees administered more than $287 million in payments in 2022–23. Trustee fees accounted for 28% of these payments, and secured creditor payments accounted for another 24%.
State or territory | Total receipts | Total payments | ||
---|---|---|---|---|
2021–22 | 2022–23 | 2021–22 | 2022–23 | |
NSW |
$124,594,007 | $108,196,240 | $114,193,354 | $108,753,342 |
ACT |
$2,620,046 | $1,824,414 | $2,627,638 | $1,772,768 |
Vic |
$48,144,243 | $62,007,722 | $46,169,345 | $60,275,738 |
Qld |
$61,529,260 | $53,969,867 | $54,670,185 | $56,854,194 |
SA |
$14,025,855 | $16,400,611 | $14,001,220 | $16,333,247 |
NT |
$1,936,112 | $2,143,734 | $1,924,795 | $2,385,299 |
WA |
$32,969,064 | $40,995,949 | $30,553,893 | $36,845,716 |
Tas |
$3,882,049 | $4,934,221 | $3,858,095 | $3,841,521 |
Total |
$289,700,637 |
$290,472,758 |
$267,998,525 |
$287,061,825 |
In 2022–23, practitioners administered more than $157 million in receipts and nearly $163 million in payments. Dividends accounted for 72% of these payments.
State or territory | Total receipts | Total payments | ||
---|---|---|---|---|
2021–22 | 2022–23 | 2021–22 | 2022–23 | |
NSW |
$68,876,192 | $47,340,285 | $69,913,769 | $48,907,722 |
ACT |
$3,584,833 | $2,179,957 | $3,700,890 | $2,257,578 |
Vic |
$42,732,473 | $27,820,148 | $43,579,067 | $28,888,626 |
Qld |
$65,712,517 | $45,319,061 | $67,013,692 | $46,641,175 |
SA |
$11,326,810 | $7,784,474 | $11,572,734 | $7,945,323 |
NT |
$3,086,741 | $2,220,046 | $3,133,664 | $2,317,198 |
WA |
$30,672,984 | $21,572,421 | $31,365,667 | $22,519,927 |
Tas |
$4,989,947 | $3,425,365 | $5,064,733 | $3,521,622 |
Total |
$230,982,498 |
$157,661,757 |
$235,344,217 |
$162,999,171 |
Official Trustee
In 2021–22, the Official Trustee administered no payments and no receipts. The Official Trustee only administers personal insolvency agreements when a registered trustee resigns, is deregistered or dies. The Official Trustee reconstructs the accounts and reviews all material in the previous trustee’s file. As a result, there can be a delay while the Official Trustee reconciles payments made prior to the Official Trustee’s appointment.
Registered trustees
Registered trustees administered more than $21 million in receipts in 2022–23. Income contributions accounted for 9% of these receipts.
Registered trustees administered more than $20 million in payments in 2022–23. Dividends accounted for 42% of these payments, and trustee fee payments accounted for another 19%.
State or territory | Total receipts | Total payments | ||
---|---|---|---|---|
2021–22 | 2022–23 | 2021–22 | 2022–23 | |
NSW |
$5,773,565 | $5,634,572 | $5,250,872 | $4,383,741 |
ACT |
$720,570 | $262,959 | $973,759 | $437,122 |
Vic |
$2,679,639 | $4,933,784 | $2,217,272 | $5,218,800 |
Qld |
$4,479,954 | $4,593,836 | $4,227,238 | $5,039,976 |
SA |
$1,167,684 | $816,319 | $956,679 | $884,669 |
NT |
$81,027 | $203,888 | $441,875 | $166,346 |
WA |
$2,460,103 | $4,894,928 | $2,137,505 | $4,539,966 |
Tas |
$115,887 | $141,009 | $117,520 | $158,834 |
Total |
$17,478,429 |
$21,481,295 |
$16,322,720 |
$20,829,453 |
How we help trustees
Official Receiver notices help trustees to gather information or recover assets. The Official Receiver issued 631 notices in 2022–23. The most common type of notice is s. 77CA obtain statement of affairs (34% of total notices in 2022–23).
Section of the Bankruptcy Act | Type of statutory notice | Number of notices issued | |
---|---|---|---|
2021–22 | 2022–23 | ||
s. 77AA | Access by Official Receiver and others to premises |
1 |
4 |
s. 77C | Obtain information and evidence |
194 |
173 |
s. 77CA | Obtain statement of affairs |
225 |
217 |
s. 81A | Offshore information notices |
1 |
1 |
s. 128E | Freeze interest in super |
2 |
2 |
s. 139ZQ | Notice requiring payment following void transaction |
54 |
42 |
s. 139ZL | Payment of contribution liability |
190 |
183 |
s. 139ZR | Charge over property |
3 |
7 |
s. 139ZN | Certificate to charge over property |
0 |
2 |
Total |
970 |
631 |
Section 305 of the Bankruptcy Act allows the Commonwealth to underwrite the cost of proceedings or enquiries about the estate or the examinable affairs of a bankrupt or personal insolvency agreement debtor.
In 2022–23, there were 8 applications for Commonwealth funding assistance approved, with $120,950 underwritten.
Activity | 2021–22 | 2022–23 |
---|---|---|
Number of applications received |
11 |
15 |
Number of applications approved* |
12 |
8 |
Amount underwritten ($) |
$42,905 | $120,950 |
Expenditure ($) |
$12,601 | $58,154 |
* These figures include all applications approved in the financial year, irrespective of whether they were lodged in that year.
Guide
Data collection and coverage
We administer and regulate Australia’s personal insolvency system. We record all personal insolvency proceedings that occur under the Bankruptcy Act.
As the Official Trustee in Bankruptcy, we administer bankruptcies and personal insolvency agreements. We use information from this process to produce the Official Trustee statistics.
Registered trustees, controlling trustees and debt agreement administrators administer most personal insolvencies. We collect information from these practitioners through the annual estate return process. We use this information to produce the registered trustee statistics.
We have no information on the rate of return of debt agreements administered by practitioners who do not lodge annual administration returns.
Location
We report many of the tables in this publication based on states and territories. When possible, we report our statistics based on the state of residence provided on the statement of affairs form. Every debtor is required to lodge a completed statement of affairs form with us.
When a bankruptcy is the result of a sequestration order, we record the debtors address supplied by the court. We update this address when the bankrupt lodges a statement of affairs.
We check that all addresses of debtors are valid addresses.
How we help trustees
Commonwealth funding assistance pursuant to section 305
Section 305 of the Bankruptcy Act allows the Minister (currently the Attorney-General), on the application of the trustee of a bankrupt estate or of a personal insolvency agreement, to direct, in an appropriate case, that the Commonwealth underwrite the cost of proceedings or enquiries about the estate or the examinable affairs of the bankrupt or debtor.
The Minister has delegated the power to make a direction under section 305 to senior AFSA officials. In exercising their discretion under section 305, the delegates have regard to the following guidelines approved by the Attorney-General in March 2005.
Funding may be approved where:
- either:
- the trustee has reasonable prospects of a successful outcome in proceedings initiated, or proposed to be initiated, by the trustee in the court or the Administrative Appeals Tribunal; or
- the trustee should defend an application for a review of a decision by the trustee in the court or the Administrative Appeals Tribunal; or
- a party other than the bankrupt has instituted proceedings in the court or the Administrative Appeals Tribunal that the trustee should defend;
and the creditors have insufficient financial resources to put the trustee in funds or to indemnify the trustee against an award of costs; or
- the actions of the bankrupt or debtor give rise to the inference that the bankrupt or debtor is intentionally breaching their obligations or duties under the Act; or
- a significant question of law has arisen that requires resolution.
Funding will ordinarily not be approved for instituting proceedings unless:
- the trustee has approached creditors to provide cash advances or indemnities in respect of costs, or exhausted alternative opportunities for litigation funding (generally funding will not be provided merely on the basis that creditors have refused to provide cash or indemnities); and
- the delegate is satisfied that undertaking the litigation is consistent with the Performance Standards for Trustees in Division 42 of the Insolvency Practice Rules (Bankruptcy) 2016, particularly in relation to the standards in sections 42-40 and 42-60 of those Rules concerning the realisation of assets and incurring only necessary and reasonable costs; and
- the delegate is satisfied that it would be appropriate for the trustee to commence the litigation.
Ending bankruptcies
Objections to discharge
Section 149 of the Bankruptcy Act provides that, in the ordinary course of events, a bankrupt is automatically discharged from bankruptcy three years and one day after the date on which they file their statement of affairs. Section 149A extends the period of a person’s bankruptcy to five or eight years in circumstances where an objection to discharge has been lodged by the trustee. Section 149D sets out the grounds on which a trustee can lodge an objection.
Our statistics show the number of objections to discharge lodged in the financial year. If a court order grants an annulment, we exclude it from our statistics. A debtor can have multiple objections lodged against them. Our statistics count each of these objections. For example, if a trustee lodges five objections to discharge in relation to the same debtor, we report five objections.
Annulments
A bankruptcy ends by either discharge or an annulment. There are several types of annulments:
- Section 74—a bankrupt can propose a composition or scheme of arrangement for settlement of all of their debts with their creditors. If it is accepted by creditors (a majority in number and at least 75% in value of the creditors voting), the bankruptcy is immediately annulled.
- Section 153A—a bankrupt can pay all of their debts in full, including the costs of the administration and the remuneration of the trustee.
- Section 153B—the court may make an order annulling the bankruptcy if it is satisfied that:
- a sequestration order should not have been made or
- a debtor’s petition should not have been presented or accepted by the Official Receiver.
Monies administered
Monies administered by the Official Trustee show the receipts, payments and amounts held by the Official Trustee in the Common Investment Fund (CIF).
We report on monies administered by registered trustees from their annual administration returns. Our statistics do not include personal insolvencies administered by practitioners who do not lodge annual administration returns. We perform some validation of the annual administration returns data but we do not control the quality or accuracy of the data supplied to us. We may not have received and/or validated all of the annual administration returns data at the time of compilation. We wait until we have received most of the annual administration returns we compile our statistics. We do not revise our statistics with information received after the time of compilation.
We combine a range of receipts into other receipts. Other receipts for bankruptcies and personal insolvency agreements include the following information from practitioners’ annual administration returns and the comparable measures from the Official Trustee:
- section 73 composition receipts
- funds transferred from another trustee
- trading receipts
- other receipts that are subject to the realisations charge e.g. rents, dividends, royalties
- other receipts that are not subject to the realisations charge e.g. creditor advances, indemnities.
We combine a range of payments into other payments. Other payments for bankruptcies and personal insolvency agreements include the following information from practitioners’ annual administration returns and the comparable measures from the Official Trustee:
- funds transferred to another trustee
- trading payments
- refund of surplus to debtor
- realisations charges for period receipts
Insolvency practitioners may have a single bank account for all of the individual administrations. Our statistics report on individual administrations. As a result, we exclude information such as interest charge payments.
Revisions
This publication contains minor revisions to information previously published in our annual report. We will not revise data further unless we identify an error. From time to time, we may enhance our reporting. Our guides and other explanatory materials advise of the changes and the impacts on the data.
Download the data
This zip file contains the full set of annual administration statistics we have published for the 2022-23 financial year. Associated commentary and charts are drawn exclusively from this data set. Individual links to all tables packaged in the zip file are provided on this page.
Full data set: