Personal insolvencies continue to soar in early 2024
6 March 2024 • 1 minute read
The total number of personal insolvencies climbed to 1,015 for January, rising from 805 in December.
This was also a 31 per cent increase from the total number of personal insolvencies recorded in January 2023.
Of the new personal insolvencies, 553 were bankruptcies, 452 were debt agreements and ten were personal insolvencies.
Workers entering personal insolvency most commonly worked in the construction, healthcare and retail industries, according to the data.
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Miranda Brownlee
AUTHOR
Miranda Brownlee is the news editor of Accounting Times, an online publication delivering analysis and insight to Australian accounting professionals. She was previously the deputy editor of SMSF Adviser and has broad business and financial services reporting experience, having written for titles including Investor Daily, ifa and Accountants Daily. You can email Miranda on: [email protected]
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