Infographics

This infographic illustrates the key demographics of people who entered into personal insolvency procedures using the concept of New Zealand as a village of 100 insolvent debtors.

The text description of the infographic is also available below.

Our village

2,572 people entered into personal insolvency procedures in New Zealand during 2019/20. In our village of 100, each person represents 26 people.

Of the 100 people in our village:

  • 14 people have entered into a Debt Repayment Order
  • 43 have entered into a No Asset Procedure
  • 43 people are bankrupt (31 are debtor application and 12 are creditor applications)

*7 of the bankrupt debtors in our village have been bankrupt or in a No Asset Procedure before.

In 2019/20 (100 people):

  • 50 male
  • 50 female

In 2009/10 (249 people):

  • 132 male
  • 117 female

The population of our village is 100 people but it has fluctuated considerably over the last 20 years. The last time our population was this low, was in 1996/97 over 20 years ago.

Year Population
2000/01 111
2001/02 109
2002/03 108
2003/04 108
2004/05 116
2005/06 120
2006/07 139
2007/08 148
2008/09 219
2009/10 249
2010/11 218
2011/12 180
2012/13 154
2013/14 133
2014/15 136
2015/16 150
2016/17 137
2017/18 129
2018/19 112
2019/20 100

Where do the 100 people in our village come from:

Region Number of people
Auckland 27
Canterbury 16
Waikato 9
Wellington 8
Overseas 8
Bay of Plenty 6
Hawke's Bay 5
Northland 4
Whanganui 3
Southland 3
Manawatu 2
Nelson 2
Otago 2
Taranaki 2
Marlborough 1
Poverty Bay 1
West Coast 1

Of the 100 people in our village who stated one or more ethnicity:

  • 64 identify as European
  • 21 identify as Maori
  • 9 identify as Pacific Peoples
  • 5 identify as Asian
  • 5 identify as Other Ethnicity
  • 10 people did not state an identity

Our village's ages and median age-groups:

2019/20

Median age group is 35-40 years.

Age groups Female Male
15-20 years 0 0
20-25 years 4 3
25-30 years 8 6
30-35 years 8 7
35-40 years 7 6
40-45 years 6 6
45-50 years 5 6
50-55 years 4 5
55-60 years 3 4
60-65 years 2 3
65-70 years 1 2
70-75 years 1 1
75-80 years 1 1

 

2009/10

Median age group is 40-45 years.

Age groups Female Male
15-20 years 1 1
20-25 years 16 14
25-30 years 17 14
30-35 years 15 16
35-40 years 16 18
40-45 years 15 17
45-50 years 14 16
50-55 years 9 14
55-60 years 7 10
60-65 years 4 7
65-70 years 2 3
70-75 years 1 1
75-80 years 0 1

Within our village, Insolvency is attributed to the following causes:

Cause of insolvency Number of people
Unemployment or loss of income 23
Excessive use of credit facilities 20
Domestic discord or relationship breakdown 12
Ill health or absence of health insurance 11
Liabilities due to guarantees 3
Failure to provide for taxation 3
Lack of business ability 2
Adverse legal action 2
Economic conditions affecting industry 2
Unknown or 'other' causes 22

In our village everybody is aged 15 years or over.

  • 41 people are employed
  • 35 people are unemployed and reveiving benefits
  • 9 people are unemployed receiving no benefit
  • 6 people are retired or students
  • 9 people's employment status is other or unknown

Our village's debt levels:

Debt level No asset procedure Debt Repayment Order Bankrupt Total people
$1–$9,999 7 2 1 10
$10,000–$19,999 13 4 2 19
$20,000–$29,999 12 3 2 17
$30,000–$39,999 7 3 2 12
$40,000–$49,999 4 2 2 8
$50,000–$59,999     3 3
$60,000–$69,999     3 3
$70,000–$79,999     3 3
$80,000–$89,999     2 2
$90,000–$99,999     2 2
$100,000–$199,999     10 10
$200,000–$499,999     7 7
$500,000–$999,999     2 2
$1,000,000+     2 2

 

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Note

This infographic was developed to illustrate the key demographics of people who entered into personal insolvency procedures during 2019/20 using the concept of New Zealand as a village of 100 insolvent debtors.

This data has been obtained through various sources, predominantly the Statement of Affairs form which debtors are required to complete upon entering into an insolvency procedure. Other sources of information include public registers and information provided by creditors and other third parties.

For further comparative data on previous financial years please refer to our statistics webpages.

Insolvency statistics