Who is Becoming Bankrupt ?
Statistics for this were obtained from the ITSA website.
What are your experiences on your ledger concerning age and occupation of bankruptcy ?
Your comments in the new forum below will be greatly appreciated.
1/ Bankruptcy by Age
Debt Agreement Bankruptcy
|
Age Group |
Debt agreement |
bankruptcy |
|
Under 25 |
12.8% |
5.9% |
|
25 to 34 |
37.3% |
18.7% |
|
35 to 44 |
27.5% |
27.3% |
|
45 to 54 |
16.9% |
24.9% |
|
over 55 |
5.5% |
23.2% |
2/ Causes of Bankruptcy
|
Overuse of credit |
25.25% |
|
Unemployment |
32.7% |
|
Domestic Discord |
11.49% |
|
Ill Health |
10.9% |
|
Adverse Litigation |
3.93% |
|
Gambling or speculation |
6.45% |
|
other |
9.28% |
3/ Occupation of people filing for Part 9 agreements.
|
Management |
5.5% |
|
Professionals |
10.8% |
|
Assoc Professionals |
10.00% |
|
Tradesperson |
9.6% |
|
Clerical/service |
41.00% |
|
Transport |
4.8% |
|
Laborers |
10.1% |
|
Other (unemployed,spouses) |
8.2% |
A couple of brief observations :
1/ The difference in the type of bankruptcy used by age.
2/ Unemployment is not the biggest cause of bankruptcy.
Discussion forum on Bankruptcy
|
Topics: 1 | Posts: 1 | 21-Sep-2010 by Phil - LCollect |
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