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In the September quarter 2021, personal insolvencies fell 12.3% compared to the September quarter 2020, according to the latest personal insolvency statistics released by Australian Financial Security Authority (AFSA).
There were 2,621 personal insolvencies in the September quarter 2021, a 12.3% fall compared to the September quarter 2020. There were falls in all states and territories except Tasmania. The number of personal insolvencies fell 2.3% compared to the June quarter 2021, where there were 2,682 personal insolvencies.
By type of personal insolvency, compared to the September quarter 2020:
- bankruptcies fell by 5.6%
- debtor’s petitions, a subset of bankruptcies, fell by 7.5%
- sequestration orders, a subset of bankruptcies, rose by 15.3%
- debt agreements fell by 22.5%
- personal insolvency agreements rose by 52.2%.
In the September quarter 2021, 34.2% of bankruptcies were business related, this is a fall from 40.9% in the September quarter 2020.
Read more about quarterly personal insolvency statistics.
If you have any further questions about this media release, or AFSA statistics, please contact the AFSA media team. Please note that AFSA does not provide commentary on the statistics themselves.