Personal insolvencies rose 0.1% in the December quarter 2021
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In the December quarter 2021, personal insolvencies rose 0.1% compared to the December quarter 2020, according to the latest personal insolvency statistics released by Australian Financial Security Authority (AFSA).
There were 2,408 personal insolvencies in the December quarter 2021, a rise of 2 (+0.1%) compared to the December quarter 2020. There were rises in all states and territories except New South Wales. The number of personal insolvencies fell by 213 (-8.1%) compared to the September quarter 2021, where there were 2,621 personal insolvencies.
By type of personal insolvency, compared to the December quarter 2020:
- bankruptcies fell by 100
- debtor’s petitions, a subset of bankruptcies, fell by 214
- sequestration orders, a subset of bankruptcies, rose by 114
- debt agreements rose by 94
- personal insolvency agreements rose by 9.
In the December quarter 2021, 37.3% of bankruptcies were business related, this is a rise from 35.5% in the December 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.