If you live in postcodes 4350, 4670, 4211, 4215 and 4655, the chances are you know someone in financial distress, The Courier Mail has reported.

Data just released shows the Queensland postcodes made up half the Australian top 10 for the highest number of bankruptcies.

For the first time, “experimental” data compiled by the Insolvency and Trustee Service Australia mapped where Queenslanders have succumbed to the pinch, but experts warn there’s more to come with bankruptcy numbers “the tip of the iceberg”.

ITSA found Queensland and NSW shared the dubious honour of holding five of the 10 worst performing areas in the country. NSW holds the two worst postcodes – 2560 Campbelltown/Rosemeadow and 2770 Mount Druitt/Minchinbury.

Queensland’s 4350 Toowoomba region came third, with the state’s other postcodes 4670 Bundaberg fifth, 4211 Nerang sixth, 4215 Southport seventh and 4655 Hervey Bay ninth.

Toowoomba Mayor Peter Taylor was in disbelief after hearing 4350 had pulled the highest Queensland figures by postcode and third highest nationally.

“That’s very surprising, I don’t know how they worked that but 4350 is a very large postcode,” Cr Taylor said.

“I’ve seen this before where they said we had the highest speeding fines in the state, but we cover the largest area in the state.”

He said the data was “quite frankly very misleading”.

“Businesses in our region, in Toowoomba, are doing quite well,” Cr Taylor said.

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