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 …

An employee's annual earnings fall by 10% the year her firm files for bankruptcy and fall by a present value of 67 …. Compensating wage differentials for this “bankruptcy risk” are approximately 2.3% of firm value for a firm whose credit rating … falls from AA to BBB, about the same magnitude as debt tax benefits. Thus, wage premia for expected costs of bankruptcy are …

This study is the first empirically based analysis of business bankruptcy to be conducted in Australia. It aims to … identify key differences between debtors who declare business bankruptcy and those who declare non-business or “personal …” bankruptcy, and to explore the extent to which there might be a “hidden” population of business debtors among those formally …

While the majority of those who declare bankruptcy do so voluntarily, a significant proportion are forced into … bankruptcy as a result of legal action. This paper interrogates data obtained from the Australian Financial Security Authority to … venture or a managerial or professional occupation – meaning that they are more likely to resist bankruptcy until they are …

This article presents the results of the first empirical study focused on older Australians in bankruptcy. Our study … — based on the examination of a large and unique dataset obtained by the authors from the bankruptcy regulator — provides a … most significant causes of bankruptcy for older Australians as well as some possible explanations for their financial …

strikingly similar reasons for their entry into bankruptcy. Yet a more detailed analysis of AFSA's data indicates that women and …. It finds that, in general, women in bankruptcy are likely to be economically disadvantaged, relative to men, as measured … women in bankruptcy are much more likely than men to be single with dependants, and that these women experience a greater …