Personal insolvency rates rise three years in row – Mortgage Business
Statistics released by the Australian Financial Security Authority (AFSA) shows that the rate of personal insolvencies has increased steadily for three consecutive years, growing by 4.4 per cent in 2015-16, 2.1 per cent in 2016-17, and 5.6 per cent in 2017-18. There were 31,859 new personal insolvencies in Australia in the last financial year, which…