After a couple of years when Australia’s personal insolvency numbers fell sharply, a growing number of people have entered into debt agreements over the past year.
According to the latest Australian Financial Security Authority figures, the number of personal insolvencies rose two per cent in the March quarter, compared with the same quarter last year. There were 7129 personal insolvencies during the latest quarter.
It is the fourth quarter in a row that personal insolvencies have increased and the first time there have been four consecutive rises since 2009.
The…
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