All debtors

Read more about the gender of debtors entering a personal insolvency.

Most debtors are male

Since 2008, at least 56% of all insolvent debtors were male. In 2015, 29,055 people entered into a personal insolvency. Of these, 16,817 or 58% were male. The proportion of male debtors has been around 58% since 2013.

Most debtors are male in all types of personal insolvency in 2015:

  • 61% of bankrupts
  • 53% of debt agreement debtors
  • 78% of personal insolvency agreement debtors.

More males entered business related personal insolvencies than females

Most personal insolvencies are non–business related. In 2015, 22% of male debtors entered business related personal insolvency, compared to 12% of female debtors.

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.

Economic conditions are the main cause of business related personal insolvencies for males and females

Since 2008, economic conditions were the main cause of business related personal insolvencies.

When we could identify the cause, the main causes of business related personal insolvency for 2015 were:

  • Economic conditions
    • 34% of male debtors who entered business related personal insolvency
    • 36% of female debtors who entered business related personal insolvency.
  • Personal reasons, including ill health
    • 6% of male debtors who entered business related personal insolvency
    • 7% of female debtors who entered business related personal insolvency.
  • Excessive drawings including failure to provide for taxation
    • 7% of male debtors who entered business related personal insolvency
    • 4% of female debtors who entered business related personal insolvency.

Unemployment or loss of income is the main cause of non-business related personal insolvencies for males and females

Since 2009, unemployment or loss of income was the main cause of non–business related personal insolvencies for both males and females.

The main causes of non–business related personal insolvencies for 2015 were:

  • Unemployment or loss of income
    • 34% of male debtors who entered non–business related personal insolvency
    • 33% of female debtors who entered non–business related personal insolvency.
  • Excessive use of credit
    • 30% of male debtors who entered non–business related personal insolvency
    • 32% of female debtors who entered non–business related personal insolvency.
  • Domestic discord or relationship breakdowns
    • 10% of male debtors who entered non–business related personal insolvency
    • 16% of female debtors who entered non–business related personal insolvency.