MORE Sydney families are being pushed to the wall by financial pressures despite a three-decade low in unemployment.

There were 6940 bankruptcies, debt agreements and personal insolvency agreements in Sydney last financial year, an increase of 16.4 per cent on the previous year. Another 5250 were registered between last June and February, suggesting the total this financial year could push towards 8000. That compares with just 4544 in 1999-2000.

Labor has used the figures from the Insolvency and Trustee Service Australia to highlight a rising trend in personal insolvency over the past six years.

The number of personal bankruptcies and debt agreements across Sydney rose by more than half between 1999-2000 and 2005-06. Parts of western Sydney have been hardest hit with a rise of 99 per cent in Blacktown and 70 per cent in the outer west. A slump in property prices since 2004 and relatively high rates of unemployment in some parts of west and south-west Sydney may have contributed to the surge in bankruptcies and debt agreements.

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