Queensland’s three-year run as the nation’s bankruptcy capital has continued with damning new figures revealing the significant number of people facing financial distress.
In the 2020 calendar year, 4458 personal bankruptcies were recorded in Queensland ahead of 4413 in NSW.
Victoria – which was locked down for four months – recorded 2724 personal insolvencies.
In Queensland Logan, Gold Coast, Ipswich and Moreton Bay South were the regions with the highest rates of personal insolvency.
The results continue Queensland’s run as the nation’s bankruptcy capital, however the number has steadily fallen across the state over the past five years.
Economist Marcus Smith said the number of personal bankruptcies remained a blight on Queensl…
Read the full article at: https://www.qt.com.au/news/qlds-damning-bankruptcy-figures-the-worst-in-natio/4208207/