A few interesting figures... Is there a correlation between these figures and how the property market performed over the same period? Its debatable
Fin Yr NSW TOTAL
96/97 5612 21830
97/98 6647 24408
98/99 7229 26376
99/00 6297 23306
00/01 6248 23907
01/02 6484 24109
02/03 6281 22639
03/04 5971 20496
04/05 6251 20507
05/06 7492 22300
06/07 9248 25242
07/08 9938 25981
http://www.itsa.gov.au/dir228/itsaweb.nsf
Interestingly the Total amount of bankruptcies has not yet hit the high of the 98/99 year. This may be because a lot of people have opted for a part 9 or debt agreements instead of full bankruptcy. These have been on the steady increase since 2000.
I wonder where insolvencies will peak?
Fin Yr NSW TOTAL
96/97 5612 21830
97/98 6647 24408
98/99 7229 26376
99/00 6297 23306
00/01 6248 23907
01/02 6484 24109
02/03 6281 22639
03/04 5971 20496
04/05 6251 20507
05/06 7492 22300
06/07 9248 25242
07/08 9938 25981
http://www.itsa.gov.au/dir228/itsaweb.nsf
Interestingly the Total amount of bankruptcies has not yet hit the high of the 98/99 year. This may be because a lot of people have opted for a part 9 or debt agreements instead of full bankruptcy. These have been on the steady increase since 2000.
I wonder where insolvencies will peak?