SA: Personal bankruptcy rises in Australia

AAP General News (Australia)
04-14-2004
SA: Personal bankruptcy rises in Australia

ADELAIDE, April 14 AAP - Personal bankruptcy in Australia had risen more than seven
per cent in the first three months of this year, CPA Australia said today,

CPA Australia said there were 5,222 personal bankruptcies across the nation in the
March quarter, a rise of 7.1 per cent from the previous quarter.

The Northern Territory experienced the greatest increase in bankruptcies, recording
a 35 per cent rise from the December 2003 quarter.

Western Australia (up 25 per cent), NSW (16 per cent), South Australia (up 6.6 per
cent), Queensland (up 4.5 per cent) and the ACT (up three per cent) all experienced rises
in personal bankruptcy, CPA said.

Only Tasmania (down 8.6 per cent) and Victoria (five per cent) recorded reductions
in numbers of bankruptcies in the March quarter, the organisation said.

The CPA said the latest bankruptcy figures were from the Insolvency and Trustee Service
Australia, which showed across Australia there were 5,222 personal bankruptcies in the
March quarter, compared with 4,874 in the December 2003 quarter.

AAP sl/jnba

KEYWORD: BANKRUPTCY

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