law. Debt agreements were introduced into Australian personal insolvency law in 1996 as an alternative to bankruptcy. This … alternative to bankruptcy …

highly sceptical about the value of debt agreements, or ‘Part IX' agreements. By contrast, they generally saw bankruptcy as a … regarding the long term impact of bankruptcy upon severely disadvantaged debtors. Several expressed the view that bankruptcy … disadvantages, such as mental illness. Instead, for people in this situation, bankruptcy offers little more than a temporary …

Bankruptcy is widely regarded as a means of rehabilitation for debtors in severe financial hardship. To date, however … demonstrate that, for many Australian debtors, bankruptcy results in genuine improvements to financial stability, health …, relationships and general well-being. At the same time, they suggest that the outcomes of bankruptcy can vary significantly …

This paper examines recent trends in Australian personal bankruptcy by analysing a large data set obtained from the … regulator, the Australian Financial Security Authority. It demonstrates a marked decline in Australian bankruptcy rates, since a … to consumer spending. These findings represent a significant contribution to Australian empirical bankruptcy research …