Bankruptcy – making it easier
This challenge aims to help us make it easier for people to tell us their income and assets when they become bankrupt.
Go to Challenge | 5 teams have entered this challenge.
Bankrupt or Not?
When an individual goes bankrupt, they go to the AFSA to declare their bankruptcy. While this becomes public information and may make it difficult for an individual to take loans or even leave the country, they are legally allowed to not pay back their debts, with the condition that they are earn below a threshold amount.
As such, it is possible that some individuals are hiding their true income/assets, and thus, deceiving other parties for their money. It is important for the AFSA to identify these individuals, and that's where "Bankrupt or not" comes in.
Validates AFSA insolvent debtors data files by performing the following:-
"Bankrupt or not" helps AFSA narrow down individuals that are worth investigating a little more into, to check if their income/assets are what they claim them to be.
ASFA Insolvent debtors dataset - This helped us identify anomalies/outliers for an individual compared to others with similar attributes (occupation, dependents, income, assets)
ATO occupations dataset - This helped us understand what the average/median income should be per individual
ATO taxation dataset - This helped us understand what the average/median income should be per individual
Description of Use We use this to view attributes for the majority of occupation group, and flag anomalies/outliers.
Description of Use We use this dataset in order to get average/median income and assets per occupation
Go to Challenge | 5 teams have entered this challenge.