The chart the ABC use to show Lion Finances increase in bankrupt looks compelling and looks to prove their point. but actually tells a different story.
Collection House collects for the ATO, so it's only natural that the ATO bankruptcy filing would be trending down, while Lion Finance is trending up. Good journalism.
It's also unfortunate that when you Google Collection House, many of the search results specifically tell people not to pay their debts to Collection House. Not paying your debt and ignoring debt collectors is exactly why creditors are legally allowed to issue forced bankruptcy.
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