Continuing fall in personal insolvency numbers
Personal insolvency numbers in Australia have continued their decline, with the 1,012 new personal insolvencies in June 2025 falling by 75 from 1,087 in May 2025. Of the new personal insolvencies, 570 were bankruptcies (56%), 427 were Part IX debt agreements (42%), and only 15 (1%) were Part X personal insolvency agreements. There were no […]