Bankruptcy Surge: Strata Bodies, Schools Force Aussies to Brink
Update: 2025-12-12
Description
Australians face bankruptcy over small debts, with strata bodies and private schools increasingly using this tool for debt recovery. The number of bankruptcy cases has tripled in six years, with forty percent leading to bankruptcy. FCA warns of a growing problem where minor financial struggles escalate into life-altering consequences, calling for urgent reforms to protect vulnerable individuals.
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