Personal insolvencies have risen for the first time since the GFC, according to data released by the Australian Financial Security Authority.
Personal insolvencies jumped by 4.4 per cent in the last year, the first increase reported since the 2009 financial year.
The big resources states Western Australia and Queensland were the main contributors, up 19.5 per cent and 9.3 per cent respectively.
Personal insolvencies also rose in Victoria, up 1.8 per cent, while the Northern Territory jumped 15.3 per cent.
The rises were partially offset …
Read the full article at: http://www.abc.net.au/news/2016-07-14/personal-insolvencies-rise-for-the-first-time-since-the-gfc/7629062