Bankruptcy and other personal insolvency numbers look like falling below those of last year, and well below the long-term average.
AFSA has advised that “personal insolvencies increased in May 2025”, over April, by 14.
That is, there were 1,087 new personal insolvencies in May, rising from 1,073 in April 2025.
Of these, 620 were bankruptcies, 451 were debt agreements, and 16 were personal insolvency agreements. There were no insolvent deceased estates.
Construction, health care and social assistance, and transport, postal and warehousing were the main industries contributing.
Over 40% of bankruptcies came from people involved in a business.
The total for the financial year to May 2025 is 11,418, the yearly figure looking to fall below AFSA’s earlier estimate of 13,400, and well below the long-term average of 23,100.
