AAP Wire Service

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More Australians Going Bankrupt Than Ever Before

The SMB market is feeling the brunt of a massive rise in bankruptcies with up to 86% of all new businesses failing. At the same time the high cost of living and easy access to credit have led to the highest number of bankruptcies in NSW since records began more than 20 years ago, the Insolvency and Trustee Service Australia (ITSA), accountants Hall Chadwick has said.