Search: bankruptcy
RBA Glossary definition for bankruptcy
bankruptcy – A legal status, which can be initiated by a creditor or person concerned, whereby the bankrupt's property is vested in a trustee and, with the exception of certain personal and professional property, is available for distribution to creditors.
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The Australian Financial System
10 Mar 2012
FSR
– March 2012
The default declaration was a result of the parent company filing for bankruptcy in the United States, after its exposures to European sovereign debt generated critical funding problems.
https://www.rba.gov.au/publications/fsr/2012/mar/aus-fin-sys.html
Household and Business Balance Sheets
10 Sep 2012
FSR
– September 2012
Bankruptcy rates have generally fallen since 2009, although there was an increase in Queensland in the year to the June quarter. ... Overall, the number of households whose financial difficulties have deteriorated to the extremes of bankruptcy or lender
https://www.rba.gov.au/publications/fsr/2012/sep/house-bus-bal-sheet.html
Household and Business Balance Sheets
10 Sep 2008
FSR
– September 2008
Other evidence also suggests there has not been a significant increase in the extent of more severe financial stress among households in 2008: the number of personal administrations (including bankruptcies) has
https://www.rba.gov.au/publications/fsr/2008/sep/house-bus-bal-sheet.html
Household and Business Balance Sheets
10 Mar 2008
FSR
– March 2008
Further, the bankruptcy rates for corporations and unincorporated enterprises remain around their long-run averages, and there has been no default on a (rated) corporate bond since 2004.
https://www.rba.gov.au/publications/fsr/2008/mar/house-bus-bal-sheet.html
The Global Financial Environment
10 Mar 2008
FSR
– March 2008
These include temporary freezes on interest rates for borrowers subject to resets and possible changes to bankruptcy laws to allow mortgages to be reduced to the market value of the house.
https://www.rba.gov.au/publications/fsr/2008/mar/global-fin-env.html
Household and Business Balance Sheets
10 Mar 2012
FSR
– March 2012
Bankruptcy rates have broadly fallen across states since 2009, although less so in Queensland and Western Australia. ... Overall, though, the number of households whose financial difficulties have deteriorated to the extremes of bankruptcy or lender
https://www.rba.gov.au/publications/fsr/2012/mar/house-bus-bal-sheet.html
Household and Business Balance Sheets
10 Sep 2010
FSR
– September 2010
The rate of bankruptcies and other personal administrations has declined a little over the first part of 2010, after peaking in late 2009.
https://www.rba.gov.au/publications/fsr/2010/sep/house-bus-bal-sheet.html
Household and Business Balance Sheets
10 Mar 2010
FSR
– March 2010
In recent months there has also been a levelling out in the rate of bankruptcies and other personal administrations, after it rose between 2005 and 2009, and it remains the case
https://www.rba.gov.au/publications/fsr/2010/mar/house-bus-bal-sheet.html
The Global Financial Environment
10 Mar 2013
FSR
– March 2013
that have filed for bankruptcy as non-performing (Graph 1.15).
https://www.rba.gov.au/publications/fsr/2013/mar/global-fin-env.html
Annex: Selected Policy Responses to the COVID-19 Pandemic
9 Apr 2020
FSR
– April 2020
From 27 Mar 20. Market support. Govt. Increasing bankruptcy and insolvency thresholds and response time for creditor action; ATO withholding enforcement actions; temporary relief from insolvent trading provisions.
https://www.rba.gov.au/publications/fsr/2020/apr/annex-selected-policy-responses-to-the-covid-19-pandemic.html