TWO dozen bankruptcies were filed in Bundaberg during the last quarter.
The 24 bankruptcies represented almost half of the 49 insolvency cases in the area during the three months to June.
Insolvencies in Bundaberg were up 26.5% on the previous quarter and up 10% on the June quarter last year.
Seven of the insolvencies were business related, while the rest were personal or did not include a reason.
The Australian Financial Security Authority figures do not indicate whether the bankruptcies were business related or personal.
During the previous quarter, a total of 36 insolvencies were filed in Bundaberg, six of them business related.
In the June 2016 quarter, Bundy racked up 44 insolvencies, seven of which…
Read the full article at: https://www.news-mail.com.au/news/going-bust-insolvencies-on-rise-in-bundaberg/3211663/