1. Personal Insolvency
    March ,2016
    7000 Australians went bankrupt in the March quarter of 2016
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  2. Bankruptcies based on gender
    March ,2016
    Since 2008 at least 56% of all insolvent debtors were male. In 2015 29,055 people entered into a personal insolvency. Of these 16,817 or 58% were male
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  3. Loss of income main causes
    March 2016
    AFSA reports that the main cause of personal bankruptcies for non-business (personal) is loss of jobs and unemployment.
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  4. Credit Cards
    March ,2016
    Excessive use of credit accounts for 18% of males and 20% of females to declare bankruptcy
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  5. Economic conditions main cause of business related bankruptcies.
    March ,2016
    Since 2008 main causes :economic conditions, Excessive drawing, Lack of business ability.
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  6. What are the consequence of bankruptcy
    January 24,2014
    A trustee manages your bankruptcy. Bankruptcy may affect your income, employment and business. Not all debt is released, Centerlink overpayments, fines , child support arrears, Hex ( student loans). Overseas travel, must request permission. Your name will permanently appear on the National Personal Insolvency Index (NPII). Bankruptcy can affect you ability to obtain future credit. Trustee may sell your assets.
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