Barry Leddicoat

Insolvencies spike across northern NSW

MORE businesses and individuals in northern NSW are going broke, with a spike in insolvencies over the past two quarters.

Across the state there were 2124 insolvency declarations over the April-June quarter, a slight dip compared to the previous three months.

But the northern NSW regions of Coffs Harbour, Tweed Valley, Richmond Valley and Clarence Valley recorded 139 bankruptcies over the same period.

The figure was an increase on the 122 recorded in the first three months of the year.

Australian Financial Security figures revealed Coffs Harbour registered highest on the list with 38 insolvencies, followed by Tweed on 33 and 27 for coastal Richmond Valley, extending from Brunswick Heads south to Evans Head.

The Clarence Valley recorded 21 insolvencies and the Richmond Valley hinterland - which includes Casino, Lismore and Kyogle - notched up 20.

- APN NEWSDESK



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