Corporate Business Bankruptcies by sck21204

VIEWS: 7 PAGES: 1

More Info
									Release No: 112
Date issued: 3 July 2009


               ADMINISTRATIONS UNDER THE BANKRUPTCY ACT 1966
                               STATISTICS (PROVISIONAL*)
                                     JULY 2008 - JUNE 2009

         Bankruptcies                           Debt          Personal Insolvency                   Total
       (Parts IV and XI)                    Agreements            Agreements                     insolvency
                                              (Part IX)             (Part X)                       activity

                          %                            %                        %                           %
        08/09   07/08   Change       08/09 07/08     Change   08/09 07/08     Change     08/09    07/08   Change


NSW     10499   9934        5.69% 2876        2210   30.14%    84      58     44.83%     13459 12202      10.30%

ACT      245     214       14.49%     100      83    20.48%     3      1      200.00%     348      298    16.78%

VIC     5980    5725        4.45% 2351        1877   25.25%   249     134     85.82%     8580      7736   10.91%

QLD     6232    5708        9.18% 2096        1647   27.26%    34      42     -19.05%    8362      7397   13.05%

SA      1944    2081        -6.58%    291     222    31.08%    13      7      85.71%     2248      2310    -2.68%

NT       102     125       -18.40%    65       61    6.56%      0      0       0.00%      167      186    -10.22%

WA      1660    1431       16.00%     562     379    48.28%    23      32     -28.13%    2245      1842   21.88%

TAS      841     752       11.84%     226     139    62.59%     3      3       0.00%     1070      894    19.69%

Total 27503 25970           5.90% 8567        6618   29.45%   409     277      47.65% 36479 32865         11.00%

Note 2: the above figures refer to personal administrations under the Bankruptcy Act only
      All
       (and not corporate insolvency).

Note 3:
      There were 3,822 (13.9%) business related bankruptcies and 23,681 (86.1%) non-business bankruptcies
       during the financial year. A business related bankruptcy is defined as being one in which an
       individual's bankruptcy is directly related to his or her proprietary interest in a business.

      * Verified annual figures are published in the ANNUAL REPORT ON THE OPERATION OF THE
       BANKRUPTCY ACT 1966 for each financial year, released by the office of the Inspector-General in
       Bankruptcy, Insolvency and Trustee Service, Australia, 42 Macquarie St, BARTON ACT 2600.
       Telephone (02) 6270 3400 Fax (02) 6270 3413

       These figures, together with some historical data, may be found on ITSA's homepage on the Internet at
       www.itsa.gov.au

								
To top