- Most personal insolvency agreement debtors are male
- More males entered business related personal insolvency agreements than females
- Economic conditions are the main cause of business related personal insolvency agreements for males and females
- Excessive use of credit is the main cause of non–business related personal insolvency agreements for males and females
| 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.