Causes of personal insolvency
AFSA collect information about the reason persons become insolvent based on data from the statement of affairs. The statement of affairs requires the debtor to select a single cause of insolvency from a given list. The causes of insolvency are debtors’ opinions of what best describes the main reason for becoming insolvent.
For more information about the data, please visit https://www.afsa.gov.au/resources/statistics/socio-economic-statistics/causes-1/guide-to-causes-of-personal-insolvency