EXCESSIVE use of credit and credit cards has contributed to a leap in the number of personal bankruptcy cases, the Insolvency and Trustee Service of Australia says. According to its annual report, there were 31,971 new bankruptcies, debt agreements or personal insolvency cases in Australia in 2006-07, an increase of 16.9 per cent on the previous year.
» Credit sending Aussies broke – The news, 28th November 2007.