More Mildura residents swallowed up by debt

THERE has been a spike in the number of Mildura locals who are in serious debt and are applying for personal insolvency, according to the Australian Financial Security Authority.

Results for the June quarter show Mildura sat alongside Ballarat and Geelong as the top three regions with the highest number of debtors, with 23 new debtors for the quarter as opposed to 10 in the previous quarter.

All up, there were 386 debtors who entered a new personal insolvency in regional Victoria in the June quarter, which rose by 14 debtors from the March quarter.

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