Personal insolvencies increased in January 2025, according to new provisional monthly statistics released today by the Australian Financial Security Authority (AFSA).
In January 2025, there were 940 new personal insolvencies, rising from 828 in December 2024.
Of the new personal insolvencies, 438 were bankruptcies, 490 were debt agreements, and 12 were personal insolvency agreements. There were no insolvent deceased estates.
Where AFSA could identify the industry in which an individual worked, the most common industries were:
- health care and social assistance
- construction
- retail trade.
There were also 18 new temporary debt protections.
During the same period, 219 people who entered a formal personal insolvency were also involved in a business, dropping from 249 in December 2024. This covers sole traders, people in partnerships or directors in companies.
Data provided in the monthly statistics is provisional and not final. For final quarterly data, visit AFSA's quarterly personal insolvency statistics at Quarterly personal insolvency statistics.
People experiencing financial stress are encouraged to seek support early. Free confidential assistance is available through the National Debt Helpline - www.ndh.org.au.
For anyone facing and considering formal insolvency options, reach out to a registered trustee or registered debt agreement administrator.
For more information about these statistics, visit Monthly personal insolvency statistics.
