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Koalageddon: Australia’S Housing Collapse Mounting credit card bills drive bankruptcy boom in western suburbs

#1 User is offline   Asheron 

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Posted 12 April 2012 - 04:01 PM

MOUNT DRUITT, Campbelltown and Liverpool have emerged as Sydney's bankruptcy hot spots as families succumb to mounting credit card debt and chronic unemployment.

The three suburbs topped a list compiled by the federal agency Insolvency and Trustee Service Australia, which revealed the NSW postcodes most vulnerable to bankruptcy last financial year.

The 2770 postcode - Mount Druitt, Minchinbury and surrounds - was the worst affected, with 163 bankruptcy declarations.


Read more: http://www.smh.com.a...l#ixzz1rqIWFc00
Max Keiser --- http://maxkeiser.com/
Peter David Schiff --- http://www.europac.net/
Gerald Celente --- http://www.geraldcelente.com/
Jim Rogers --- http://www.jimrogers.com/
Bob Chapman --- http://www.theintern...om/Bob_Chapman/

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