NEWCASTLE has the highest rate of personal insolvency in regional NSW according to figures released by the Australian Financial Security Authority.
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Across the Hunter there were 215 cases of personal insolvency in the June quarter of 2017, with Newcastle’s 43 debtors the largest in the state outside of Sydney.
Across Australia there were 7,729 debtors who entered a new personal insolvency to June, a fall of 3.9 per cent compared to the previous quarter.
In the Hunter, there were six less cases of personal insolvency than in the March quarter.
Victoria and Queensland had the largest falls, falling by 131 and 111 debtors respectively.
In New South Wales there were 1,297 debtors who entered a new personal insolvency in Greater Sydney in the June quarter 2017, and 892 across the rest of the state.
Newcastle led the list with 43, closely followed by Tamworth – Gunnedah and Shoalhaven, each with 42 new cases.
