Story: Business failures and corporate fraud

Occupational status of bankrupts

Occupational status of bankrupts

As this graph indicates, in the early 1950s a high proportion of bankrupts were people who ran their own businesses – so their bankruptcy was usually a result of a business failure. By the 1980s a smaller proportion of bankrupts were business owners, and more were employees or unemployed people who ran into financial trouble from excessive personal spending.

Using this item

Te Ara - The Encyclopedia of New Zealand

Source: New Zealand Official Yearbook

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How to cite this page:

Graeme Hunt, 'Business failures and corporate fraud - Personal bankruptcy, corporate failure and fraud', Te Ara - the Encyclopedia of New Zealand, (accessed 12 August 2022)

Story by Graeme Hunt, published 11 Mar 2010