A pandemic and a recession, yet we’ve never had so few bankruptcies

Wednesday January 27, 2021

Despite the economic downturn, bankruptcies in the September quarter fell to a record low. Everyone is watching what happens next.

New statistics from the Australian Financial Security Authority have revealed the lowest number of bankruptcies since records began in 1986. (Photo: ABC)

The latest statistics from the Australian Financial Security Authority revealed the lowest number of bankruptcies since records began in 1986. While the pandemic had brought on a recession, governments, banks, employers and even landlords provided people with some financial…

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