Categories
Economy

Debt Collectors Bankruptcy Strategy

#Recession #DebtCollection #Bankruptcy Debt collectors are using Bankruptcy as a strategy to collect on outstanding debts. References

Categories
Economy

Queensland the Bankruptcy State

#Recession #Bankruptcy #Queensland Queensland has become the Bankruptcy leader in Australia. While at the same time 56% of all new jobs were created in the public sector. I would argue that these are not good signs for the economy. Reference The Courier Mail Friday 30 August 2019

Categories
Economy

Credit Card Debt is Bankrupting Australians

#CreditCards #Bankruptcy #Australia Australians are being bankrupted because of credit card debt. Another sign of difficult times and terrible financial education? References Debt collectors are bankrupting Australians over small credit card debts https://www.abc.net.au/news/2019-08-13/debt-collectors-suing-for-bankruptcy-over-small-credit-card-debt/11335000?section=business