What is bankruptcy and its implications?06:25 Source: Getty ImagesAustralia ExplainedView Podcast SeriesFollow and SubscribeApple PodcastsYouTubeSpotifyListnrDownload (11.76MB)Download the SBS Audio appAvailable on iOS and Android The number of Australians in financial distress is on the rise prompting warnings of more personal bankruptcies as the national economy slows down.ShareLatest podcast episodesFacing freshwater –The secrets to exploring Australia's creeks, rivers and damsHow to cope during a heatwave in AustraliaOn the rocks – The thrills, risks and dangers of Australian rock fishingOut to sea - How to stay safe on boats and other watercraft