THE number of Gladstone residents struggling with financial ruin has been released, suggesting the pain isn’t over for many families.
New figures show 47 Gladstone people found themselves in financial ruin from October – December 2016.
The figures, released by Australian Financial Security Authority, reveal the how many new insolences and bankruptcies were made in Gladstone.
All up 25 people filed for bankruptcy and 22 secured debt agreements.
The dismal statistics show people are struggling to make ends meet following falling property and rent prices and industry job losses.
We faired far worse than Rockhampton, which had 18 people suffer financial ruin.
But in Mackay it was far more grim, with 87 peop…
Read the full article at: http://www.cqnews.com.au/news/revealed-47-declare-financial-ruin-in-gladstone/3138273/