Private schools and strata bodies are driving hundreds of people into bankruptcy amid a sharp rise in the number of small businesses and luxury car owners struggling to repay loans to finance companies.
Financial Counselling Australia is calling for an overhaul of the nation’s financial credit laws after releasing research showing people with debts as small as $10,000 are being forced into bankruptcy.
To read the full article by Shane Wright on The Sydney Morning Herald, please click here.
Tags: bankruptcies, luxury cars, private school fees, shane wright
