BUSINESSES were hardest hit by financial collapse on the Sunshine Coast over the past four months with a sharp rise in business-related bankruptcies.
Forty-four businesses on the Coast went bankrupt during the September quarter, up from 32 over the previous period.
The Australian Financial Security Authority’s regional personal insolvency statistics show there were 35 bankruptcies in Caloundra over the past four months.
That is four less than during the June quarter.
There were 29 bankruptcies declared in Maroochydore during the quarter compared to 27 in the June period.
Financial conditions improved considerably in Nambour with only 17 bankruptcies compared with 27.
The Sunshine Coast Hinterland experi…
Read the full article at: https://www.sunshinecoastdaily.com.au/news/the-sunshine-coasts-bankruptcy-capital-revealed/3254595/
