The number of debtors who entered a personal insolvency in regional Victoria increased by 14.5 per cent in the June quarter, compared to the March quarter.
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Bendigo was one of the main contributors to the rise, alongside Wellington and Ballarat.
Twenty-five debtors were recorded in Bendigo in the June quarter, compared to 16 in the March quarter – a rise of 56.25 per cent.
But Wellington had the biggest rise, of 200 per cent, from five debtors in the March quarter to 15 in June.
Ballarat was among the regions with the highest number of debtors, with 34 in the June quarter.
Geelong topped the list with 56 debtors.
Mildura had 31 debtors, the highest proportion of debtors in the adult population in regional Victoria for the June quarter.
Business-related personal insolvencies in regional Victoria were up 55.3 per cent.
Geelong had the highest number of such insolvencies, with 10 debtors.
Mildura had nine, while the Surf Coast- Bellarine Peninsula region had seven.
Bendigo recorded 14 bankruptcies during the June quarter and 11 instances of debt agreement and personal insolvency agreement debtors.
Whether or not they were related to business was unknown.
Personal insolvency activity rose by 0.3 per cent in Greater Melbourne, with the number of business-related personal insolvency up 11.7 per cent.
In its analysis of the national statistics, the Australian Financial Security Authority said it was the first annual rise in personal insolvencies since 2009-10.
