7747bab5-2d62-4637-bd0c-3c0a3ec7fcde urn:uuid English UTF-8 nonGeographicDataset nonGeographicDataset 2021-03-23T05:38:41 creation ISO 19115 2016 Quarterly personal insolvency statistics 7747bab5-2d62-4637-bd0c-3c0a3ec7fcde AFSA publish official quarterly and annual personal insolvency statistics on bankruptcies, debt agreements and personal insolvency agreements for all states and territories. From the June quarter 2023, the publication also released Greater Capital Cities Statistical Area (GCCSA) and Statistical Area Level 3 (SA3) breakdown of the number of debtors with business and non-business related personal insolvencies on a quarterly basis, using the Australian Bureau of Statistics (ABS) Australian Statistical Geography Standard (ASGS). Bankruptcy is a process where people who cannot pay their debts become bankrupt to receive the protection of the Bankruptcy Act 1966 and their estate is administered by a trustee. It allows for the fair distribution of property among creditors and the prosecution of dishonest debtors. A debt agreement is an arrangement between a person who cannot pay their debts and their creditors. It is a formal arrangement under Part IX of the Bankruptcy Act. A debt agreement results from creditors voting to accept a proposal from a debtor to settle their debts. To be eligible to propose a debt agreement, a debtor must be insolvent and meet threshold levels relating to unsecured debts and assets and after-tax income. Personal insolvency agreement (PIA): under Part X of the Bankruptcy Act, a personal insolvency agreement results from creditors accepting a debtor’s proposal to settle his or her debts. Unlike debt agreements, personal insolvency agreements are not subject to income, asset or debt thresholds. Please see our guide to learn more about the provisional personal insolvency statistics bankrupt bankruptcies bankruptcy debt agreement debtor insolvent personal insolvency Quarterly personal insolvency statistics including regional statistics documentDigital excel (.xlsx) Quarterly personal insolvency statistics per quarter documentDigital CSV Regional personal insolvency time series per quarter documentDigital CSV Quarterly personal insolvency time series to March quarter 2023 documentDigital Total new personal insolvencies by type, quarter, involved in business and Australian states and territories. Counted by number of people. Number of debtor's petitions (voluntary bankruptcies under Part IV of the Bankruptcy Act 1966) Number of sequestration orders (involuntary bankruptcies under Part IV of the Bankruptcy Act 1966) Total number of bankruptcies Number of insolvent deceased estates (under Part XI of the Bankruptcy Act 1966) Number of debt agreements (under Part IX of the Bankruptcy Act 1966) Number of personal insolvency agreements (under Part X of the Bankruptcy Act 1966) excel (.xlsx) Debtor's petitions quarterly time series documentDigital Total number of debtor's petitions by involvement in business and Australian states and territories. CSV Sequestration orders quarterly time series documentDigital Number of sequestration orders by involvement in business and Australian states and territories. CSV Total bankruptcies quarterly time series documentDigital Total number of bankruptcies by involvement in business and Australian states and territories. Bankruptcies consist of debtor's petitions and sequestration orders. CSV insolvent deceased estates quarterly time series documentDigital Number of insolvent deceased estates by involvement in business and Australian states and territories. CSV Debt agreements quarterly time series documentDigital Number of debt agreements by involvement in business and Australian states and territories. There is a time series break for debt agreements in the September quarter 2019. The majority of debt agreement law reforms amendments commenced on 27 June 2019. CSV Personal insolvency agreements quarterly time series documentDigital Number of personal insolvency agreements by involvement in business and Australian states and territories. CSV Total personal insolvencies quarterly time series documentDigital Total number of personal insolvencies by involvement in business and Australian states and territories. There is a time series break the September quarter 2019. The majority of debt agreement law reforms amendments commenced on 27 June 2019. CSV