GovHack2019: Making Bankruptcy Easier Challenge

The Challenge

The aim of this challenge was to make it easier for individuals to tell the government their income and assets when they become bankrupt. Filing for bankruptcy can be stressful for people. This already difficult time becomes increasingly overwhelming when you’re faced with an extended form (65 pages) asking you about the entirety of your financial situation.

The Solution

Our ‘Easier Way Out’ solution aims to make it simpler for applicants to complete bankruptcy forms which in turn makes it easier for them to provide their income and asset information. Our solution is two-folds:

1. Digitising the form (i.e. debtor’s petition).

2. Using algorithms and statistical modelling to pre-populate form fields based on documents and information provided by the applicant (e.g. bank statements, superannuation statements, property statements, etc.).

Github Submission: https://github.com/buntoss/GovHack2019

Video Submission: https://youtu.be/8UYDWFm0E4Y

Team Members: Victoria Luu, Sean Xiang, Tylor Bunting, Roger Li, Pegah Ebrahimi

Entry: Challenge entry was avilable to all teams in Australia

Eligibility: Must use Attributes of insolvent debtors Dataset

Datasets used for our Project:

• Attributes of insolvent debtors data
• Australian Taxation Office Data
• Department of Social Services Welfare data