Bankruptcy numbers; bankruptcy reform
The numbers of personal insolvencies in 2025-2026 (13,465) have increased from those in 2024-25 (12,257) but they still remain low, compared with the 32,000 of 10 years ago. According to AFSA, three trends have driven the fall in personal insolvencies in recent times, changed creditor behaviour following the Hayne Royal Commission, changed debtor behaviour during […]