Creditreform: bankruptcies up by 19 pct between January and July

The number of bankruptcies in the Czech Republic reached 1289 between January and July this year, which represents a 19-percent increase year-on-year, the debt consultancy Creditreform Czech Republic said on Friday. The number of bankruptcies of self-employed entrepreneurs rose by 40 percent in that period to reach 438. The total number of bankruptcy filings increased by 13 percent; most of them were registered in the construction industry and trade. Creditreform expects an increase in bankruptcies to continue in the second half of the year as well.

Author: Jan Richter