Australians in financial strife on the rise with bankruptcies up 6pc in 2017 – ABC News
The number of Australians “going under” financially accelerated last year, with personal bankruptcies up 6.1 per cent over the year.
- Bankruptcies rose for the 3rd consecutive year in 2017
- Queensland had the highest number of bankruptcies last year
- Men are more likely than women to declare bankruptcy
The increase follows an almost 5 per cent rise in 2016.
Quarterly data released by the Australian Financial Security Authority paints a starkly different picture from the generally more upbeat numbers elsewhere in the domestic economy.
Breaking down the numbers, the credit reporting and debt collection …
Read the full article at: http://www.abc.net.au/news/2018-01-31/personal-invancies-on-the-rise/9375284