Media release
3 March 2025
Bankruptcies buck insolvency trend as alternative solution gains momentum
Bankruptcies are defying the broader surging insolvency trend, driven by low unemployment, rising property values, and a lenient stance from the big-four banks, while interest in Personal Insolvency Agreements – a viable alternative to bankruptcy – grows, reports business recovery and personal insolvency specialist Jirsch Sutherland.
“Bankruptcies are not following the same trajectory as corporate insolvencies, largely due to a trio of factors,” says Malcolm Howell, Partner at Jirsch Sutherland. “Firstly, unemployment remains in the ‘4s,’ whereas personal…
