WITH the economic climate far from ideal, it comes as no surprise the number of Central Highlanders becoming insolvent has grown according to the Federal Government's personal insolvency activity figures for the September quarter this year.

The number of debtors entering a personal insolvency in the area labelled "rest of Queensland" (outside of south-east Queensland) increased by 7.9% in the September quarter 2014 compared to the June quarter 2014.

The number of debtors rose in 24 regions, with outback Queensland having the biggest rise.

Barcaldine, Blackall, Charleville and Longreach have been identified as troublesome areas.

Director of Allegiant FS Peter Winterflood has worked as a senior banker with extensive experience across commercial, corporate and institutional banking in Australia over the past 33 years.

He said the figures were linked directly to falling employment figures.

"I guess it's been the perfect storm," Mr Winterflood said.

"With agriculture employment falling and the fall back of mining have led to this.

"With mining moving into production phase, it doesn't require as many jobs.

"On the agriculture side of things, it's the drought combined with low commodity prices and high exchange rates."

Mr Winterflood encouraged anyone with financial concerns to seek help.

"The biggest mistake you can make is burying your head in the sand," he said.

"People need to put their hand up to seek help and notify the bank if they have a change in circumstance.

"The sooner you seek help the better... people can get some resolution. The worst case scenario is the bank moving in and taking control."

The Central Highlands had eight debtors with an insolvency that was non-business related in the June quarter in 2014.

This figure climbed to 13 in the September quarter.

Fast facts

Number of debtors with a insolvency that is non-business related

Central Highlands

13

Gladstone-Biloela

35

Rockhampton

48