Commerce Ballarat’s David Wright says insolvency has many causes.
Ballarat recorded 45 new personal insolvencies in the last three months to make it a regional hot spot for debt.
It puts Ballarat close to Geelong, with 59, and well ahead of Bendigo, with 29.
There were also seven new business related insolvencies in the city with Geelong also recording seven and Bendigo nine.
There are 62 insolvencies per 100,000 people in Ballarat, well above the state average of 39.8.
Commerce Ballarat chair David Wright said there were all sorts of reasons businesses became insolvent.
If this is 7 in a quarter then thats not great news, he said
The term business is also a bit ambiguous, it may simply be a non-trading shelf company that has no staff.
Theres n…
Read the full article at: http://www.hepburnadvocate.com.au/story/4835627/insolvency-rates-higher-in-regional-victoria/?cs=12