Bankruptcies rise 9% in the June quarter 2015

Australian money

The Australian Financial Security Authority yesterday released the personal insolvency activity statistics for the June quarter 2015, with bankruptcies increasing by 9.3% in the June quarter 2015 compared to the June quarter 2014. This is the first rise since the March quarter 2014 compared to the March quarter 2013.

Carmel Franklin, Chair of Financial Counseling Australia joined the program to discuss the matter.

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