Business bankruptcy filings hit highest monthly total in Oct-CRIF
A total of 383 petitions for company bankruptcies were filed in October this year, a month-on-month growth of 65 and the highest number in one month so far this year, according to an analysis made by company CRIF - Czech Credit Bureau.
The number of bankruptcy petitions against the self-employed grew to 688 in October from 532 in September, the highest monthly number since January 2008 when the new insolvency law took effect.
A total of 112 company bankruptcies were declared in October, which is five bankruptcies fewer than in the previous month. The number of bankruptcies of the self-employed dropped by 32 month-on-month to 386 in October.
A total of 1,342 companies were declared bankrupt in the past 12 months, a year-on-year drop of 1 percent. However, the number of the self-employed going bankrupt grew by 1,937 year-on-year to 4,072 in the past year.
The highest number of business bankruptcies was recorded in Prague (36) and the Jihomoravsky region (15) in October. The lowest number of company bankruptcies was declared in the Jihocesky region (2) and the Plzensky region (3).
In the past 12 months, the highest number of companies went bankrupt in Prague (457) and in the Jihomoravsky region (188). The number of company bankruptcies was the lowest in the Karlovarsky region (26) and the Liberecky and Vysocina regions (34 each).
The highest number of business bankruptcies was recorded in trade and the hospitality industry (49) and in services (36) in October. The number of business bankruptcies in these segments was the highest also in the past 12 months.
The number of bankruptcies of the self-employed was the highest in the Ustecky region (51) and in the Jihocesky region (52) in October. The number of the bankruptcies was the lowest in the Jihomoravsky region (4) and in Prague (6).
Business bankruptcies in January 2012-October 2013:
Source: CRIF – Czech Credit Bureau
Source: CTK, 5.11.2013, Section CTK: cce bns, Author: kou/er