Personal insolvency agreement debtors

Read more about the gender of debtors entering a personal insolvency agreement.
Table: Gender of personal insolvency agreement debtors
Calendar year Number of male debtors Number of female debtors Total number of debtors
2008 357 146 503
2009 414 215 629
2010 358 184 542
2011 295 142 437
2012 262 108 370
2013 219 77 296
2014 166 72 238
2015 150 43 193

Most personal insolvency agreement debtors are male

Most personal insolvency agreement debtors were male in each year since 2008. In 2015, 193 people entered into personal insolvency agreements. Of these, 150 or 78% were male.

Graph: Male and female personal insolvency agreement debtors from 2008 to 2015

More males entered business related personal insolvency agreements than females

Most personal insolvency agreements are non–business related. More males entered business related personal insolvency agreements than females. In 2015, 42% of males entered business related personal insolvency agreements, compared to 40% of females.

The proportion of debtors who entered business related personal insolvency agreements increased for both males and females when compared to 2008:

  • From 37% of male debtors in 2008 to 42% in 2015
  • From 29% of female debtors in 2008 to 40% in 2015.

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

Since 2009, economic conditions were the main cause of business related personal insolvency agreements for both males and females.

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

  • Economic conditions
    • 49% of male debtors who entered business related personal insolvency agreements
    • 53% of female debtors who entered business related personal insolvency agreements.
  • Failure to keep proper books of account and costing records
    • 5% of male debtors who entered business related personal insolvency agreements
    • 6% of female debtors who entered business related personal insolvency agreements.
  • Excessive drawings including failure to provide for taxation
    • 3% of male debtors who entered business related personal insolvency agreements
    • 12% of female debtors who entered business related personal insolvency agreements.

Excessive use of credit is the main cause of non–business related personal insolvency agreements for males and females

Excessive use of credit was the main cause of non–business related personal insolvency agreements for both males and females in 2015. In 2014, unemployment or loss of income was the main cause of non-business related personal insolvency agreements.

When we could identify the cause, the top causes of non–business related personal insolvency agreements for 2015 were:

  • Excessive use of credit
    • 30% of male debtors who entered non–business related personal insolvency agreements
    • 27% of female debtors who entered non–business related personal insolvency agreements.
  • Unemployment or loss of income
    • 18% of male debtors who entered non–business related personal insolvency agreements
    • 15% of female debtors who entered non–business related personal insolvency agreements.
  • Domestic discord or relationship breakdown
    • 10% of male debtors who entered non–business related personal insolvency agreements
    • 8% of female debtors who entered non–business related personal insolvency agreements.