Orange has the equal second highest number of personal bankruptcies in NSW and the equal eighth highest in Australia.
It found 77 people in Orange were declared bankrupt in the 2018 financial year, the highest in three years.
The number equalled Dubbo and was only behind Port Macquarie (82) for the highest in NSW.
The West Australian area of Baldivis was the worst in the country with 105 people declaring bankruptcy.
St Vincent de Paul Society executive officer for the Bathurst Central Council, Bruce Buchanan, said the high number of bankruptcies was due to a number of factors.
We have seen about a 15 per cent increase in people seeking financial assistance in the past financial year, he said.
The most common reason is electricity prices.
Mr Bu…
Read the full article at: http://www.centralwesterndaily.com.au/story/5563409/bankruptcy-were-the-second-highest-in-the-state-as-tough-times-hit/