Bankruptcies have hit a five-year low (but here’s why it’s smart to stay vigilant)
When it comes to managing our money, and staying out of financial trouble, Kiwis are beating the Aussies hands down, according to new analysis we’ve run, which shows that the number of people declaring bankruptcy has reached a five-year-low, dropping by 15% last year compared to 2016. And if that isn’t enough cause for celebration, we have approximately half the number of bankruptcies, per capita, compared with our friends across the ditch. CreditSimple.co.nz spokesperson Hazel Phillips said the five-year bankruptcy…
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