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 18 May and 31 May 2020, 586 people entered into a new personal insolvency. Where we could identify the industry they worked in, the most common industries were:

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

Over this period, 133 of these people were involved in a business. The most common industries were:

  • construction
  • other services
  • accommodation and food services.

The number of people who entered into a new personal insolvency fell from 669 between 4 May and 17 May to 586 between 18 May and 31 May. The number involved in businesses also fell, from 139 to 133.

The number of new bankruptcies increased from 333 between 4 May and 17 May to 339 between 18 May and 31 May. Over the same period, debt agreements and personal insolvency agreements fell from 336 to 247.

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

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. We will expand our statistics in the coming month. This expansion will include temporary debt protection procedures.

These statistics now include a breakdown of the type of personal insolvency:

  • Bankruptcies by debtor’s petition (voluntary)
  • Bankruptcies by sequestration order (involuntary)
  • Debt agreements and personal insolvency agreements.

Our time series starts on 6 April 2020. We will continue to publish this breakdown in these statistics.

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.