Queenslanders are doing it among the toughest in Australia when it comes to staying afloat during a cost of living crisis.
Personal insolvencies across Australia have spiked in the 2023 June quarter, according to new statistics released by the Australian Financial Security Authority (AFSA) with 2,705 new personal insolvencies in the three-month period up 17 per cent from 2,301 in June 2022.
The data shows personal insolvencies increased in all states and territories, except for South Australia and Western Australia where numbers remained steady.
Queensland had the second highest rate of personal insolvencies with 709, just behind NSW with 792 and ahead of Victoria with 491.
Toowoomba emerged as one of Australias worst bankruptcy hot s…
Read the full article at: https://www.couriermail.com.au/business/qld-business/mapped-queenslands-bankruptcy-hot-spots-revealed/news-story/79c8ef1078f9caac8682dbe22a7e902f?nk=65bef2cb7b875c3ec88064afcb13eef8-1693994485