Personal Insolvency
How BNPL Debt in 49% of Bankruptcies Changes What You Should Know About Your Customers
Nearly half of all Australian bankruptcies now involve BNPL debt. Here's what that structural shift means for trade creditors assessing customer financial health.
How BNPL Debt in 49% of Bankruptcies Changes What You Should Know About Your Customers
Nearly half of all Australian bankruptcies now involve BNPL debt. Here's what that structural shift means for trade creditors assessing customer financial health.
Most creditors assume they'll know when a customer is in trouble. In reality, deterioration is visible months before filing — but only if someone is watching the right signals.
What the 49% BNPL Figure Actually Tells You AFSA's annual statistics show that approximately 48.9% of individuals who filed for personal insolvency in 2024–25 had outstanding BNPL obligations at the time of.
Before extending credit to a sole trader, run an NPII check and a QLEI search. Two minutes now is vastly less than months of recovery work if they file.