According to statistics from the Australian Financial Security Authority, the number of debtors who entered a personal insolvency in the ACT rose 26.9% in the March quarter (compared to the December quarter 2016). The main contributor to the increase was Belconnen, with the biggest rise in new debtors, followed closely by Gungahlin.
The number of debtors who entered a business related personal insolvency in the ACT rose 84.6% in the March quarter, compared to the December quarter 2016. Again, the biggest contributors were Belconnen and Gungahlin.
Bankruptcy is a scary proposition for many people, and from the moment were old enough to understand how money works, were warned about the dire consequences of failing to pay bills or r…
Read the full article at: https://the-riotact.com/what-happens-when-you-go-bankrupt/206996
