NEWCASTLE and Wyong feature heavily in personal bankruptcy figures that show bankruptcies across the country are growing at a rate of almost six per cent a year, well above our population growth of under two per cent.
June quarter figures released this week by the federal governments Australian Financial Security Authority show Wyong topping the personal insolvency table with 89 people, followed by Penrith with 78 and Campbelltown with 71.
Wyong is classified by the authority as part of greater Sydney. Outside of Sydney, Newcastle had the most bankruptcies with 49, followed by East Lake Macquarie with 46 and Shoalhaven with 44.
Looking nationally, the authority counted 31,859 new personal insolvencies in Australia in the financial year ende…
Read the full article at: http://www.theherald.com.au/sport/knights/5574162/personal-bankruptcy-on-the-rise-but-who-tops-the-list/