In 2000-01, there were 959 new bankruptcies in Tasmania, a 14.7% decrease on the 1999-2000 figure of 836. Of the 959 bankruptcies recorded in 2000-01, 858 or 89.5% were non-business, while 101 or 10.5% were business bankruptcies. This compares to 1999-2000 in which 738 or 88.3% were non-business bankruptcies, while 98 or 11.7% were business bankruptcies.
NUMBER OF BANKRUPTCIES, Tasmania
(a) Where the bankrupt's occupation and cause of bankruptcy is not related to any proprietary interest in a business.
(b) Where the individual's bankruptcy is directly related to his or her proprietary interest in a business.
Source: Inspector-General in Bankruptcy, Annual Report on the Operation of the Bankruptcy Act, 2000-02 (available at the ITSA web site, http://www.itsa.gov.au).