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AFSA FY 2015 Bankruptcy Statistics

Friday, July 17, 2015 - Posted by Philip Harvey

AFSA has released its provisional Bankruptcy Statistics for FY 2015, showing an overall decline in Bankruptcy.

There was a significant drop in the number of full Bankruptcies, over 7% Australia wide. This is likely because of an economic cycle of continuous record low interest rates with no major spikes in unemployment.

Part IX Debt agreements lifted slightly, an extra 200 cases (approx 2%).

 Bankruptcies Parts IV and XI 


2014–15 2013–14 % Change
NSW 5,338 6,098 -12.5%
ACT 182 184 -1.1%
Vic 3,552 3,854 -7.8%
Qld 4,986 5,356 -6.9%
SA 1,171 1,188 -1.4%
NT 105 88 19.3%
WA 1,371 1,324 3.5%
Tas 458 509 -10.0%
Total 17,163 18,601 -7.7%

Debt Agreements (Part IX)


2014–15 2013–14 % Change
NSW 3,437 3,556 -3.3%
ACT 204 188 8.5%
Vic 2,155 2,060 4.6%
Qld 3,118 3,067 1.7%
SA 532 499 6.6%
NT 116 88 31.8%
WA 1,068 964 10.8%
Tas 281 283 -0.7%
Total 10,911 10,705 1.9%


Personal Insolvency Agreements (Part X)


2014–15 2013–14 % Change
NSW 55 54 1.9%
ACT 2 1 100.0%
Vic 56 65 -13.8%
Qld 53 48 10.4%
SA 19 9 111.1%
NT 1 0
WA 26 31 -16.1%
Tas 2 0
Total 214 208 2.9%

Totals

 


2014–15 2013–14 % Change
NSW 8,830 9,708 -9.0%
ACT 388 373 4.0%
Vic 5,763 5,979 -3.6%
Qld 8,157 8,471 -3.7%
SA 1,722 1,696 1.5%
NT 222 176 26.1%
WA 2,465 2,319 6.3%
Tas 741 792 -6.4%
Total 28,288 29,514 -4.2%

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