Provisional personal insolvencies increased in May 2024

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Graphs presenting the new personal insolvencies recorded for May 2024. To quickly grasp the figures, consult the summarized information provided below. For a more comprehensive breakdown, refer to the workbooks available on the Monthly Personal Insolvency Statistics page.

Personal insolvencies increased in May 2024, according to new provisional monthly statistics released today by the Australian Financial Security Authority (AFSA).

In May 2024, there were 1,049 new personal insolvencies, rising from 1,046 in April 2024.

Of the new personal insolvencies, 648 were bankruptcies, 378 were debt agreements, and 23 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
  • accommodation and food services.

There were also 21 new temporary debt protections.

During the same period, 276 people who entered a formal personal insolvency were also involved in a business, rising from 248 in April 2024.

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 –

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.