Business

Bankruptcy rates drop in Rockhampton

DESPITE higher figures earlier this year, the number of debtors in Rockhampton is slowly waning.

It seems the rate of personal insolvency (bankruptcies) entries in Rockhampton has dropped by 15.4% in the latest quarter.

The number of non-business-related insolvencies had dropped from 52 in the March quarter to 44 in the June quarter.

The same applied for business-related bankruptcies.

Australia-wide, the number of debtors entering a personal insolvency fell 10.1% in the June quarter compared to the March 2014 quarter.

Greater Brisbane was the main contributor to the national drop, falling 32.3% in the June quarter.

Yesterday The Morning Bulletin tried to contact welfare agencies The Salvation Army and Anglicare CQ but their representatives were not available for comment.

Breakdown

Number of debtors with an insolvency that is business related:

March quarter: 16

June quarter: 11

Total number of debtors:

March quarter: 68

June quarter: 55

If you would like financial assistance, with business or personal matters, you can phone the Central Queensland Financial Counselling Service in Rockhampton's East St.

The service offers free and independent advice, provides information on legal rights and responsibilities, conducts community education and can negotiate and advocate on your behalf.

Phone 49225924 or 1800238085 for more information.

Topics:  bankruptcy



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