Media release
1 December 2024
Business failures continue to propel personal insolvency chain reaction
‘Trumponomics’ could trigger further bankruptcies, says insolvency solutions firm
Business-related personal insolvencies are on the rise, the latest quarterly figures from AFSA show. And geopolitical uncertainty – particularly ‘Trumponomics’ – could trigger greater numbers in 2025, warns insolvency and business turnaround specialist Jirsch Sutherland.
According to the September quarter 2024 New Personal Insolvencies from AFSA, over a quarter (27.9%) were business related, compared to 25.2% for the same period in 2023. “However, the level of personal insolvencies is still well below…
