A SNAPSHOT of the Rockhampton region’s latest insolvency rates paints a bleak picture for residents and small business traders.
In the three months to the end of September, 79 individuals have either declared or are facing bankruptcy as a result of not being able to meet their debt requirements.
This is the same number as recorded in the June quarter.
It’s also the highest reported for any quarter in the past four years, making it a horror six months for many in Rockhampton.
The Australian Financial Security Authority (AFSA) this week released the regional personal insolvency and business related personal insolvency statistics for the September quarter.
The numbers showed business-related insolvencies at 14 for the September quarter, while…
Read the full article at: https://www.themorningbulletin.com.au/news/horror-six-months-as-rocky-bankruptcies-skyrocket/3255336/
