Queensland has The Highest Insolvency Activity in Australia

For the year ended 30 June 2014 for every 1,000 people living in Queensland, 1.8 people either became bankrupt or entered into a personal insolvency agreement (Part X).

This is compared to Victoria which had 1.0 and NSW with 1.3. Although, the numbers are small, it still meant that 8,471 Queenslanders and their families were in financial difficulty in 2014.

We help our clients avoid financial problems by protecting their assets in the best structure, proactive business and tax advice to help avoid financial struggles.

Above information extracted from Australian Financial Security Authority and Australian Bureau of Statistics.