Journal article

The Vulnerability of Older Australians in Bankruptcy: Insights from an Empirical Study

Lev Bromberg, Ian Ramsay, Paul Ali

Adelaide Law Review | University of Adelaide | Published : 2018


This article presents the results of the first empirical study focused on older Australians in bankruptcy. Our study - based on the examination of a large and unique dataset obtained by the authors from the bankruptcy regulator, the Australian Financial Security Authority, offers valuable insight into the severe financial challenges faced by many older Australians. Our analysis provides insights into the most significant causes of bankruptcy for older Australians as well as some possible explanations for their financial vulnerability. Our findings include that older Austra­lians comprise an increasing proportion of those in bankruptcy and are far more likely to cite excessive credit as the c..

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University of Melbourne Researchers


Awarded by Australian Research Council

Funding Acknowledgements

This research has been supported by the Australian Research Council (Linkage Grant LP130101022). The authors thank Dr Malcolm Anderson for carrying out the statistical analysis described in this article. The authors also thank the two anonymous reviewers for their helpful comments.