Personal Insolvency
The 13 Things Australia's Personal Insolvency Statistics Don't Tell You
AFSA publishes detailed personal insolvency data — but 13 critical questions for trade creditors remain unanswered. Here's what the gaps mean and how to fill them.
The 13 Things Australia's Personal Insolvency Statistics Don't Tell You
AFSA publishes detailed personal insolvency data — but 13 critical questions for trade creditors remain unanswered. Here's what the gaps mean and how to fill them.
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.
Gap 1–3: The Identity, Timing, and Sector of Your Specific Customer AFSA statistics tell you that 12,257 personal insolvency administrations commenced in.
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.