THE lingering impacts of the resources slump and a strong entrepreneurial spirit have sent Toowoomba broke at one of the highest rates in the state.
Australian Financial Security Authority figures revealed Toowoomba had one of the highest personal insolvency rates in Queensland for the December 2017 quarter.
Toowoomba recorded 64 debtors entering a new personal insolvency arrangement in the timeframe, a small portion of the 1141 debtors across the state outside the greater Brisbane region.
Brisbane and its outer suburbs recorded 1021 new personal insolvency arrangements.
But greater support for existing business could turn around the fortunes.
While an alarming figure, Toowoomba Chamber of Commerce CEO Jo She…
Read the full article at: https://www.southburnetttimes.com.au/news/why-toowoomba-among-highest-personal-insolvency/3339607/
