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2009-2010 Bankruptcy Statistics

Sunday, August 01, 2010 - Posted by Philip Harvey

ITSA have released the latest bankruptcy statistics on Part IX & Part X Debt Agreements.


They show the following;
       2008 / 2009          2009 / 2010          % Change    
 Total Personal Insolvency Activity         36,487         36,506  increase of 0.05%
 Bankruptcies        27,483         27,507  increase of 0.09%
 Part IX Debt Agreements          8,567           8,428  decrease of 1.62%
 Part X Arrangements             437              571  increase of 30.66%

Overall, activity has been fairly consistent from the previous year. 2008 / 2009 saw interest rates drop and in theory decreased pressures. 2009 / 2010 saw increased pressures, with the bankruptcies remaining consistent.

Source: ITSA

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