The number of personal insolvencies linked to individuals running a business dropped further in December, according to the latest AFSA statistics.
The latest personal insolvency statistics indicated a total of 828 personal insolvencies for December last year, according to provisional monthly statistics by the Australian Financial Security Authority.
This was a substantial drop from the 955 personal insolvencies in November and the 1,009 personal insolvencies in October last year.
The number of business-related personal insolvencies also eased from November, with only 249 people involved in a business entering a formal personal insolvency in December. This includes sole…
