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This report reviews the applications in the Federal Court of Australia to make people bankrupt over the past four financial years (2015–16, 2016–17, 2017–18 and 2018–19). The report was put together after financial counsellors and community lawyers noticed that some creditors regularly bankrupted people while other creditors did not.
The experience of being forced into bankruptcy is highly stressful for people. It involves court proceedings, and substantial costs are added by the process. People can be forced into bankruptcy for a debt as a little as $5,000. This means a small credit card debt could lead to the loss of the family home.
Read the overview here: Who is making Australians bankrupt OVERVIEW July
To view an infographic on what we found in our research, go here: Who is making Australians bankrupt INFOGRAPHIC July
To view the Who is making Australians bankrupt full report, go here: Who is making Australians bankrupt July 2019
Financial Rights acknowledges Aboriginal and Torres Strait Islander peoples as the traditional owners and celebrate the diversity of Aboriginal peoples and their ongoing cultures and connections to all lands and waters. Financial Rights acknowledges the Gadigal people of the Eora Nation as the traditional owners and custodians of the land on which our main office is located. We pay our respects to Elders past and present and future traditional custodians and Elders of this nation and the continuation of cultural, spiritual and educational practices of Aboriginal and Torres Strait Islander peoples.
Aboriginal and Torres Strait Islander peoples should be aware this website may contain images or names of people who have passed away.