Table 6 Causes by State – Business
Bankruptcies (Part IV and XI)
|
Cause |
NSW |
% |
ACT |
% |
VIC |
% |
QLD |
% |
SA |
% |
NT |
% |
WA |
% |
TAS |
% |
Total |
% |
|
Lack of capital |
71 |
6.13 |
3 |
7.69 |
73 |
8.56 |
63 |
4.64 |
22 |
10.09 |
5 |
17.86 |
24 |
11.76 |
14 |
11.76 |
275 |
6.91 |
|
Failure to keep proper books |
43 |
3.71 |
5 |
12.8 |
36 |
4.22 |
49 |
3.61 |
14 |
6.42 |
3 |
10.71 |
13 |
6.37 |
4 |
3.36 |
167 |
4.2 |
|
Economic conditions |
577 |
49.8 |
16 |
41 |
391 |
45.84 |
623 |
45.8 |
76 |
34.86 |
6 |
21.43 |
88 |
43.14 |
40 |
33.61 |
1817 |
45.66 |
|
Personal reasons including ill health |
16 |
1.38 |
0 |
0 |
1 |
0.12 |
180 |
13.3 |
5 |
2.29 |
3 |
10.71 |
2 |
0.98 |
1 |
0.84 |
208 |
5.23 |
|
Excessive drawings |
96 |
8.28 |
8 |
20.5 |
76 |
8.91 |
105 |
7.73 |
29 |
13.3 |
6 |
21.43 |
23 |
11.27 |
11 |
9.24 |
354 |
8.9 |
|
Lack of business ability |
94 |
8.11 |
0 |
0 |
82 |
9.61 |
86 |
6.33 |
34 |
15.6 |
1 |
3.57 |
22 |
10.78 |
13 |
10.92 |
332 |
8.34 |
|
Inability to collect debts |
41 |
3.54 |
1 |
2.56 |
35 |
4.1 |
53 |
3.9 |
2 |
0.92 |
0 |
0 |
5 |
2.45 |
1 |
0.84 |
138 |
3.47 |
|
Excessive interest |
53 |
4.57 |
1 |
2.56 |
43 |
5.04 |
127 |
9.35 |
8 |
3.67 |
2 |
7.14 |
9 |
4.41 |
2 |
1.68 |
245 |
6.16 |
|
Gambling or speculation |
10 |
0.86 |
0 |
0 |
6 |
0.7 |
25 |
1.84 |
2 |
0.92 |
0 |
0 |
0 |
0 |
0 |
0 |
43 |
1.08 |
|
Seasonal conditions |
23 |
1.98 |
0 |
0 |
27 |
3.17 |
18 |
1.32 |
7 |
3.21 |
1 |
3.57 |
8 |
3.92 |
1 |
0.84 |
85 |
2.14 |
|
Other causes or causes not stated |
135 |
11.7 |
5 |
12.8 |
83 |
9.73 |
30 |
2.21 |
19 |
8.72 |
1 |
3.57 |
10 |
4.9 |
32 |
26.89 |
315 |
7.92 |
|
TOTAL |
1159 |
39 |
853 |
1359 |
218 |
28 |
204 |
119 |
3979 |
|||||||||
Debt agreements (Part IX)
|
Cause |
NSW |
% |
ACT |
% |
VIC |
% |
QLD |
% |
SA |
% |
NT |
% |
WA |
% |
TAS |
% |
Total |
% |
|
Lack of capital |
4 |
3.42 |
1 |
20 |
8 |
7.41 |
6 |
7.5 |
0 |
0 |
0 |
0 |
3 |
9.38 |
0 |
0 |
22 |
6.04 |
|
Failure to keep proper books |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
2 |
16.67 |
0 |
0 |
1 |
3.13 |
0 |
0 |
3 |
0.82 |
|
Economic conditions |
12 |
10.3 |
0 |
0 |
14 |
12.96 |
7 |
8.75 |
3 |
25 |
0 |
0 |
4 |
12.5 |
2 |
25 |
42 |
11.54 |
|
Personal reasons including ill health |
25 |
21.4 |
2 |
40 |
27 |
25 |
16 |
20 |
1 |
8.33 |
0 |
0 |
4 |
12.5 |
3 |
37.5 |
78 |
21.43 |
|
Excessive drawings |
15 |
12.8 |
1 |
20 |
18 |
16.67 |
10 |
12.5 |
1 |
8.33 |
1 |
50 |
4 |
12.5 |
1 |
12.5 |
51 |
14.01 |
|
Lack of business ability |
5 |
4.27 |
0 |
0 |
3 |
2.78 |
2 |
2.5 |
0 |
0 |
0 |
0 |
2 |
6.25 |
0 |
0 |
13 |
3.57 |
|
Inability to collect debts |
0 |
0 |
0 |
0 |
1 |
0.93 |
2 |
2.5 |
0 |
0 |
0 |
0 |
1 |
3.13 |
0 |
0 |
4 |
1.1 |
|
Excessive interest |
14 |
12 |
0 |
0 |
7 |
6.48 |
6 |
7.5 |
0 |
0 |
0 |
0 |
3 |
9.38 |
0 |
0 |
30 |
8.24 |
|
Gambling or speculation |
1 |
0.85 |
0 |
0 |
2 |
1.85 |
1 |
1.25 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
4 |
1.1 |
|
Seasonal conditions |
1 |
0.85 |
0 |
0 |
3 |
2.78 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
4 |
1.1 |
|
Other causes or causes not stated |
40 |
34.2 |
1 |
20 |
25 |
23.15 |
30 |
37.5 |
4 |
33.33 |
1 |
50 |
10 |
31.25 |
2 |
25 |
113 |
31.04 |
|
TOTAL |
117 |
5 |
108 |
80 |
12 |
2 |
32 |
8 |
364 |
|||||||||
Personal insolvency agreements (Part X)
|
Cause |
NSW |
% |
ACT |
% |
VIC |
% |
QLD |
% |
SA |
% |
NT |
% |
WA |
% |
TAS |
% |
Total |
% |
|
Lack of capital |
1 |
6.25 |
0 |
0 |
4 |
6.56 |
0 |
0 |
0 |
0 |
0 |
0 |
1 |
9.09 |
0 |
0 |
6 |
5.26 |
|
Failure to keep proper books |
0 |
0 |
0 |
0 |
1 |
1.64 |
0 |
0 |
0 |
0 |
0 |
0 |
1 |
9.09 |
0 |
0 |
2 |
1.75 |
|
Economic conditions |
9 |
56.3 |
0 |
0 |
30 |
49.18 |
8 |
47.1 |
2 |
28.57 |
0 |
0 |
2 |
18.18 |
0 |
0 |
51 |
44.74 |
|
Personal reasons including ill health |
0 |
0 |
0 |
0 |
0 |
0 |
1 |
5.88 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
1 |
0.88 |
|
Excessive drawings |
2 |
12.5 |
0 |
0 |
3 |
4.92 |
0 |
0 |
2 |
28.57 |
0 |
0 |
4 |
36.36 |
0 |
0 |
11 |
9.65 |
|
Lack of business ability |
2 |
12.5 |
0 |
0 |
5 |
8.2 |
0 |
0 |
0 |
0 |
0 |
0 |
1 |
9.09 |
0 |
0 |
8 |
7.02 |
|
Inability to collect debts |
0 |
0 |
0 |
0 |
3 |
4.92 |
3 |
17.7 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
6 |
5.26 |
|
Excessive interest |
0 |
0 |
0 |
0 |
1 |
1.64 |
4 |
23.5 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
5 |
4.39 |
|
Gambling or speculation |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Seasonal conditions |
0 |
0 |
0 |
0 |
0 |
0 |
1 |
5.88 |
2 |
28.57 |
0 |
0 |
0 |
0 |
0 |
0 |
3 |
2.63 |
|
Other causes or causes not stated |
2 |
12.5 |
0 |
0 |
14 |
22.95 |
0 |
0 |
1 |
14.29 |
0 |
0 |
2 |
18.18 |
2 |
100 |
21 |
18.42 |
|
TOTAL |
16 |
0 |
61 |
17 |
7 |
0 |
11 |
2 |
114 |
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