Bankruptcy in Australia

Bankruptcies in Australia were slightly down in numbers in the 2010/2011 financial year compared to the 2009/2010 financial year. The Australian Financial Security Authority (AFSA) publish the bankruptcy statistics in Australia every financial year.

For the first time, AFSA released Australian bankruptcy appointments by postcode for the 2010/2011 year. If you wish to see which postcodes recorded the highest bankruptcy appointments in Australia please click the state in the table below:

State 2010/2011 2009/2010
New South Wales (NSW) 8,133 9,754
Queensland (QLD) 6,148 7,011
Victoria (VIC) 4,518 5,716
South Australia (SA) 1,604 1,949
Western Australia (WA) 1,694 1,893
Tasmania (TAS) 713 786
Australian Capital Territory (ACT) 185 249
Northern Territory (NT) 107 149
Totals 23,145 27,507
The above bankruptcy statistics include both court and debtor bankruptcy appointments.

At Australian Bankruptcy Services we focus on assisting Australians who need to file for bankruptcy on a voluntary basis (which is known as a Debtor’s Petition).

If you wish to file for voluntary bankruptcy, we can assist you complete the forms for a fixed fee of $400 which is a very competitive fee. Don’t be pushed into bankruptcy by your creditors! We encourage you to ring around and compare prices, however, we will not be beaten on price. When you ring around, make sure you are dealing with a fully registered company that specialises in Australian Bankruptcies. Not all companies are fully registered or fully insured to administer Bankruptcy Administrations in Australia. At Australian Bankruptcy Services, we are fully registered to provide the full suite of bankruptcy services, including bankruptcy applications and we can also administer your bankruptcy from $80 per week.

Call us today if you need bankruptcy with a bankruptcy application on 1800 462 767.