Monday, October 10, 2005

More sent broke as squeeze hits

More sent broke as squeeze hits - Business - Business - theage.com.au: "THE eastern states that led the nation in rising house prices and wealth accumulation over the past five years are now leading the country in bankruptcies.
Insolvency and Trustee Service Australia figures show bankruptcies jumped 6.4 per cent in the September quarter, compared with last year.
'The fear is that people are getting increasingly exposed to the sensitivities of the economy and are being squeezed and starting to default on mortgages,' Hall Chadwick insolvency partner Paul Leroy said."
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