Fortnightly bankruptcy and personal insolvency statistics

Fortnightly statistics on personal insolvencies in Australia to help understand the economic impact of COVID-19.

We are publishing more up-to-date statistics as well as our usual statistics releases. We will continue to publish these statistics on a fortnightly basis.

Personal insolvencies by industry

Between 13 July and 26 July, 508 people entered into a new personal insolvency. Where we could identify the industry they worked in, the most common industries were:

  • health care and social assistance
  • construction
  • transport, postal and warehousing.

Over this period, 129 of these people were involved in a business. The most common industries were:

  • construction
  • other services
  • transport, postal and warehousing.

The number of people who entered into a new personal insolvency fell from 587 between 29 June and 12 July to 508 between 13 July and 26 July. The number involved in businesses rose, from 122 to 129.

The number of new bankruptcies fell from 301 between 29 June and 12 July to 272 between 13 July and 26 July. Over the same period, debt agreements and personal insolvency agreements fell from 286 to 236.

The average number of people entering a personal insolvency per fortnight between 1 July 2019 and 22 March 2020 was 844.

Between 13 July and 26 July, there were 19 new temporary debt protections.

Our personal insolvency statistics include three types of personal insolvencies: bankruptcies, debt agreements and personal insolvency agreements.

Our business related personal insolvency statistics include people who:

  • have traded as a sole trader, including as a contractor, sub-contractor or similar, or been involved in a partnership, and/or
  • been a director/secretary or held a management role in a company.

We ask for this information for the last 5 years for bankruptcies and personal insolvency agreements and 2 years for debt agreements. For company insolvencies, please see Australian Securities & Investments Commission Insolvency statistics.

Changes to statistics

The economic response to the coronavirus includes temporary changes to the bankruptcy law.

These statistics now include temporary debt protection statistics. Our time series starts from 11 March 2019.

As we extract our data from a live system, the fortnightly statistics reflect data on the day that we extracted them. We will not revise them and will continue to release our final data in our quarterly statistics.

We will continue to review our statistics releases to bring you as up-to-date information as possible. We welcome your input.

Reports

This workbook shows personal insolvencies for each fortnight since 1 July 2019.

This workbook shows personal insolvencies by type of administration since 6 April 2020.