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Provisional bankruptcy statistics



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ILL

NEWS RELEASE

ATTORNEY- GENERAL AND

M IN ISTER FOR JUSTICE

Th e H o n . D aryl W illiams a m qc m p

28 A pril 1997 254

PROVISIONAL BANKRUPTCY STATISTICS

T oday, I am releasing the provisional bankruptcy statistics for the M arch 1997 quarter, (attached)

F or further inform ation contact A llan M oyes, Insolvency and Trustee Service, A ustralia, on (06) 250 6176 or the O fficial R eceiver on the follow ing telephone num bers: .

Sydney: M elbourne: B risbane: A delaide: Perth: H obart:

M r G eorge Caddy M r A shley Page M r D igby R oss M s K aren A xford M r Peter Prebble M r B rett H arrison

( 0 2 ) 95817849 ( 0 3 ) 92724801 ( 0 7 ) 33605400 ( 0 8 ) 82054300 ( 0 9 ) 2681200

(03) 62217722

COMMONWEALTH PARLIAMENTARY LIBRARY

Attachment A

Release No.: 51 Date Issued:

ADMINISTRATIONS UNDER THE BANKRUPTCY ACT 1966

STATISTICS (PROVISIONAL*)

JANUARY - MARCH 1997

BANKRUPTCIES (Parts IV and XI)

j

|

” Debt I

Agreements (Part DO ! j

Arrangements Assignments & Compositions (Part X)

1997 1996 % Change: 1997 j 1997 1996 % Change

Total 1997

Total 1996 % Change

NSW 1423 1100 29.36%.

5 · !

33 16 106.25% 1461 1116 30.91%

ACT 163 90 81.11% 0 : 4 4 0.00% 167 94 77.66%

VIC 896 842 6.41%·' o : 23 55 -58.18% 919 S97 2.45%

QLD 1443 1052 37.17% 1 24 59 -59.32% 1465 1 111 32.13%

SA 591 573 3.14% 1 : 6 3 100.00% 595 5 7 6 3.82%

NT 39 25 56.00%: 0 : 0 0 n.a. 39 25 56.00%

WA 537 508 5.71%· 5 i 12 31 . -61.29%· 554 539 2.78%

TAS 259 223 16.14%

1

0 i

1 0 n.a. 260 223 16.59%

Total 5351 4413 21.26%:

1

1

1 2 !

103 168 -38.69% 5466 4581 19.32%

Note 1: The figures in italics are for the corresponding quarter in 1996.

Note 2: Year to date figures for 1996/97 (1995/96 in italics) are:

Part IV and Part XI: 15910 2 2 5 2 3

Part X: 312 404

Part DC: ** 12

16234 12927 25.5 5Γ;

Note 3: All the above figures refer to personal administrations under the Bankruptcy Act cniy ( and not corporate insolvency).

** Debt agreements are a new formal alternative to bankruptcy. Pursuant to the Bankmprrj LiTzsiation Amendment Act 1996, they came into effect on 16 December 1996.

* 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-Ger.erai in Bankruptcy, Insolvency and Trustee Service, Australia, Attomey-Generai's Department. National Circuit, BARTON ACT 2600. Telephone (06) 250 6917 Fax (06) 250 5925