Personal Bankruptcies down 5% in FY2018

More than 3,300 individuals declared bankruptcy across New Zealand during the 12 months to 30 June 2018, according to illion’s Personal Bankruptcy Analysis. The 5.1 per cent annual drop indicates consumer stress is easing nationwide, although there was a sharp rise among the under-25s.

"While the overall drop in bankruptcies is a good sign, no one takes this decision lightly, so to see young people increasingly turning to bankruptcy or insolvency agreements is cause for concern."
Simon Bligh, illion CEO

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