NEW data has revealed Bundaberg’s insolvency woes are far from over, with the number of individuals racking up debt in the region holding steady.
Forty-seven insolvencies were filed in Bundaberg between April and June 2018, according to the Australian Financial Security Authority.
The concerning figures show the number of insolvencies in the region has barely improved since the March quarter, when 53 individuals declared bankruptcy or entered debt arrangements.
Nonetheless, the 11.3 per cent decrease from earlier this year shows Bundy’s debt figures are at least heading in the right direction.
The same level of consistency is noticeable when comparing the most recent data to statistics recorded in the 2017 June …
Read the full article at: https://www.news-mail.com.au/news/insolvency-issues-arent-going-away/3488238/