What’s happening in mining states and which administrations are debtors choosing?
In mid-January, the Australian Financial Security Authority released the personal insolvency statistics for the final quarter of 2016—giving us the chance to dig into the numbers on both a quarterly and annual basis. In the December quarter, the number of personal insolvency administrations continued the trend for 2016 by once again increasing. The year-on-year comparison of the September quarter shows modest growth of 0.9%. A quick review of the comparative statistics against the December 2015 quarters shows that in the December 2016 quarter:- Bankruptcies fell 4.9%
- Debt agreements rose 9.5%
- Personal insolvency agreements rose by 4.9%
- Total personal insolvencies rose by 0.9%
![1 Annual_Pers_Insol_App](https://worrells.imgix.net/wp-content/uploads/2015/11/1-Annual_Pers_Insol_App.png)
![2_Mining_States](https://worrells.imgix.net/wp-content/uploads/2015/11/2_Mining_States.png)
![3 YOY_Change_Bank](https://worrells.imgix.net/wp-content/uploads/2015/11/3-YOY_Change_Bank.png)