Grim reading: Highest number of Rocky people crushed by debt in years – Rockhampton Morning Bulletin

PEOPLE are still doing it tough in Rockhampton, according to the latest personal insolvency statistics released by the Australian Financial Security Authority (AFSA). AFSA describes a personal insolvency arrangement as a strategy to help people manage their debts to avoid bankruptcy. During the second quarter of 2017 (March – June) for Rockhampton, the number of…

Insolvency and Bankruptcy Code makes insolvency professionals rush to buy insurance – Moneycontrol.com

Moneycontrol News As the Insolvency and Bankruptcy Code (IBC) comes into force this August, insolvency professionals are now rushing to buy insurance for themselves, as per a LiveMint report. But there’s one roadblock. General insurers in the country presently do not offer insurance cover for an insolvency practitioner. Currently, there is no personal indemnity cover for me. But…

28 residents declare bankruptcy, go into debt – Coffs Coast Advocate

A TOTAL of 28 Coffs Harbour residents have declared bankruptcy or have gone into debt within three months. The Australian Financial Security Authority have released the latest quarterly personal insolvency statistics, revealing the number of residents who became bankrupt or entered debt or a personal insolvency agreement between April 2017-June 2017. The statistics only include…