Personal Insolvency
Why 93% of People Going Bankrupt Are Renters — and What That Tells You About Trade Credit Risk
93% of Australians who file for bankruptcy are renters. This single statistic explains why personal insolvency estates rarely pay creditors anything — and what it means for your credit decisions.
Why 93% of People Going Bankrupt Are Renters — and What That Tells You About Trade Credit Risk
93% of Australians who file for bankruptcy are renters. This single statistic explains why personal insolvency estates rarely pay creditors anything — and what it means for your credit decisions.
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.
The renter statistic in personal insolvency is the single most important asset-profile data point for trade creditors: it confirms that the estate will produce nothing, and that prevention is the only strategy that.
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.