Personal insolvencies dip ahead of 30 June
The Australian Financial Security Authority has released its regional personal insolvency statistics for the June quarter 2017.The Authority highlighted a few trends, notably:• There were 7,729 debtors who entered a new personal insolvency in the June quarter 2017 in Australia. This is a fall of 311 debtors (3.9 per cent) from the March quarter 2017. Victoria and Queensland had the strongest falls, falling by 131 and 111 debtors respectively. Both of these states had falls in the number of debtors in both their capital city areas and the "rest of the state".• Among the insolvencies outside the capital cities, regional Queensland had the highest proportion of debtors relative to the capital city in the June quarter: there were 1,023 debtors (previous quarter: 1098) who entered a new personal insolvency in Greater Brisbane in the June quarter, whereas 1,272 debtors entered a new personal insolvency in "rest of Queensland" (previous quarter: 1312).