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Credit the big bust driver

Discussion in 'Finance & Banking' started by Tropo, 27th Mar, 2009.

  1. Tropo

    Tropo Well-Known Member

    Joined:
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    Credit the big bust driver

    "Even in good times the rate of bankruptcy has increased dramatically," the report's co-author, Melbourne University Professor Ian Ramsay, told Business Daily.
    The study, which includes bankruptcy, debt agreements and personal insolvency under the Bankruptcy Act, reveals insolvencies skyrocketed 261 per cent over the past 18 years, while Australia's population grew only about 24 per cent........
    Credit the big bust driver | Herald Sun