PEOPLE are still doing it tough in Rockhampton, according to the latest personal insolvency statistics released by the Australian Financial Security Authority (AFSA).
AFSA describes a personal insolvency arrangement as a strategy to help people manage their debts to avoid bankruptcy.
During the second quarter of 2017 (March – June) for Rockhampton, the number of new debtors with non-business insolvencies rose by 3 to 68 and the number of business related insolvencies rose by 1 to 11.
This took the total number of new debtors to 79, a slight increase of 4 from the March 2017 quarter.
Unfortunately this number has been gradually rising over the years and is now at the highest recorded level since 2013.
When comparing total new debtors stati…
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