Small number of bankruptcies announced

Small number of bankruptcies announced

Experts’ declarations that after the holidays we can expect a drastic increase in the number of bankruptcies announced do not prove to be true.

In September 2020, 56 entrepreneurs filed for bankruptcy. Of these, 34 companies have announced it. This number is at least half lower than in previous months.
This small number of declared bankruptcies is a derivative of attempts made by indebted entrepreneurs trying to conclude an arrangement with creditors as part of the restructuring proceedings.

Source: J. Królak, Rekordowo mało upadłości, Puls Biznesu 20 października 2020 r.

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