Media release: Men are more likely than women to enter personal insolvencies
Tue 22 March 2016
Graph: Male and female insolvent debtors from 2008 to 2015
Most debtors are male. Since 2008, the proportion of male debtors is at least 56% of all insolvent debtors. In 2015, 58% of debtors who entered into personal insolvency are male. The proportion of male debtors has been around 58% since 2013.
Most debtors are male in all types of personal insolvency:
- 61% of bankrupts
- 53% of debt agreement debtors
- 78% of personal insolvency agreement debtors.
More males than females entered a business related personal insolvency. The proportion of debtors who entered a business related personal insolvency increased compared to 2008:
- From 18% of male debtors in 2008 to 22% in 2015
- From 9% of female debtors in 2008 to 12% in 2015.
When we could identify the cause, the main causes of personal insolvency were the same for both males and females in 2015:
- Economic conditions when the personal insolvency was business related
- Unemployment or loss of income when the personal insolvency was non–business related.
The above causes of personal insolvency were also the main causes for personal insolvencies in 2014.
See the Gender of insolvent debtors publication.