THE City of Wanneroo has more residents struggling to pay debt this year than anywhere else in Australia, insolvency figures from the Australian Financial Security Authority reveal.
Statistics for the March quarter showed 25 City of Wanneroo residents were declared insolvent for business reasons and 82 residents for non-business reasons, leaving a total of 107 insolvencies.
The next highest was Melbourne local government area Wyndham City, which had 100 from 88 non-business insolvencies and 12 related to business.
Behind Wanneroo in WA was the City of Rockingham, which had 62 personal and 12 business-related insolvencies.
The two districts were the biggest contributors to a statewide 13.1 per cent increase in non-business inso…
Read the full article at: https://www.communitynews.com.au/news/City-of-Wanneroo-residents-feel-weight-of-debt/7686734