Lenders intensified their efforts at recovering unpaid loans from defaulters with petitions for courts to dissolve defaulters doubling in the last 10 months to April compared to the whole of Financial Year 2022/23.
Creditors petition for the courts to declare errant borrowers bankrupt rose to 10 in the period between July 2022 year to April this year, compared to the 12 months to June 2022, according to data from the State Receiver Office.
