NSW experienced over 8,000 bankruptcy appointments in 2010/2011 financial year.

For the first time the Insolvency Trustee Service Australia has released statistics based on postcodes for 2010/2011. An analysis of post codes in NSW reveal that bankruptcy hot spots in NSW. The worst hit areas were in Western Sydney and the Central Coast included:

Mount Druitt & Minchinbury surrounds (Post Code 2770) (163 Bankruptcies)
Campbelltown surrounds (Post Code 2560) (146 Bankruptcies)
Liverpool & Casula surrounds (Post Code 2170) (144 Bankruptcies)
Penrith & Emu Plains surrounds (Post Code 2750) (93 Bankruptcies)
Girraween & Greystanes surrounds (Post Code 2145) (87 Bankruptcies)
Blacktown & Prospect surrounds (Post Code 2148) (79 Bankruptcies)
Merrylands (Post Code 2160) (73 Bankruptcies)
Bankstown & Condell Park (Post Code 2200) (69 Bankruptcies)
Bossely Park & Abbotsbury (Post Code 2176) (67 Bankruptcies)
Central Coast district (Post Codes 2250 & 2261) (211 Bankruptcies)
Even some of Sydney’s more affluent suburbs also experienced bankruptcy appointments with postcode 2088 which includes Mosman and Spit Junction had 22 bankruptcy appointments followed by postcode 2030 which includes Dover Heights and Vaucluse had 19 bankruptcy appointments.

If you are considering bankruptcy in NSW and would like to seek professional guidance before you file for bankruptcy please call our bankruptcy experts 12 on 1800 462 767. We are experts at voluntary bankruptcy applications in NSW.