Apartments of Melbourne in Liquidation.
1000 Companies could be entering administration tomorrow as the trading while insolvency changes return to normal.
A Terrifying Insolvency Trend is continuing as the number of insolvencies falls below half of the average.
#Recession #DebtCollection #Bankruptcy Debt collectors are using Bankruptcy as a strategy to collect on outstanding debts. References
#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
#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