8. October 2010 11:18
The Insolvency and Trustee Service Australia has released the provisional personal insolvency statistics for the quarter ending September 2010.
They show that total personal insolvency activity (ie bankruptcies, part IX debt agreements, and Part X arrangements) decreased by 11.85% on the same quarter in 2009. They also show a small increase since the end of the June 2010 quarter in debt agreements and personal insolvency agreements.
This report, and other reports and statistics, can be accessed from the ITSA site.
For commentary regarding bankruptcy and personal insolvency, subscribers are referred to Bankruptcy Law and Practice.