JSON format icon JSON RDF format icon RDF ISO19115-3 XML

Personal insolvency administrations

Created 20/01/2014

Updated 11/08/2023

JSON format icon JSON RDF format icon RDF ISO19115-3 XML

AFSA publish provisional quarterly and annual personal insolvency statistics on bankruptcies, debt agreements and personal insolvency agreements for all states and territories.

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 (https://www.afsa.gov.au/resources/statistics/provisional-bankruptcy-and-personal-insolvency-statistics/guide-to-provisional-personal-insolvency-activity-statistics).

Files and APIs

Tags

Additional Info

Field Value
Title Personal insolvency administrations
Language English
Licence Creative Commons Attribution 3.0 Australia
Landing Page https://data.gov.au/data/dataset/83420759-8af8-4c28-b29f-3b6e7751aad6
Contact Point
Australian Financial Security Authority
statistics@afsa.gov.au
Reference Period 20/01/2014
Geospatial Coverage
Map data © OpenStreetMap contributors
{
  "coordinates": [
    137.13828,
    -28.61389
  ],
  "type": "Point"
}
Data Portal Data.gov.au