Despite making up 20 per cent of Western Australias personal insolvency figures, people in regional WA are faring much better than those in the greater metropolitan area, according to the latest statistics.
Statistics for the June quarter from the Australian Financial Security Authority showed that 19 per cent of personal insolvencies in regional areas over the period were business related.
But just 53 people per 100,000 adults in the regional areas have been overwhelmed by mounting debts and forced into insolvencies, compared to 57 per 100,000 in the metro area.
Those struggling have risen across the board in regional WA from the March quarter to the end of the financial year, with Albany the worst hit, as the citys debtors have risen by …
Read the full article at: https://thewest.com.au/news/south-western-times/regions-fare-better-for-insolvency-ng-b88931240z