New personal insolvencies across Australia remained stable, recording only a slight drop in the March quarter 2025 compared to the March quarter 2024, the Australian Financial Security Authority said yesterday.
There were 2,977 new personal insolvencies in the 3-month period to March 2025, down from 2,981 in March 2024.
Bankruptcies dropped 7% while debt agreements increased 9%.
Of the March quarter personal insolvencies, more than a quarter (28.5%) were business-related.
Pre-pandemic, quarterly personal insolvencies ranged from 6000 to 8000