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 25 January and 7 February, 439 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, 91 of these people were involved in a business. The most common industries were:

  • construction
  • professional, scientific and technical services
  • transport, postal and warehousing.

The number of people who entered into a new personal insolvency rose from 331 between 11 January and 24 January to 439 between 25 January and 7 February. The number involved in businesses rose, from 89 people to 91.

The number of new bankruptcies rose from 224 between 11 January and 24 January to 276 between 25 January and 7 February. Over the same period, debt agreements and personal insolvency agreements rose from 107 to 163.

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

Between 25 January and 7 February, there were 7 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 have asked for this information for the last 5 years in relation to bankruptcies and personal insolvency agreements and for 2 years in relation to 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.

The new digital bankruptcy application process commenced on 1 October 2020. Application for bankruptcy can be submitted online via the Insolvency Services portal on this website. For more information, see digital bankruptcy application changes.

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.