Number of bankruptcy filings in July up by 46 pct year-on-year

There were 1257 bankruptcy petitions filed in the Czech Republic in July which was 46 percent more than in the same month last year, according to the Czech branch of the firm Creditreform. Compared to the previous month, however, the number of bankruptcy filings dropped by 119. In total, more than 8,600 bankruptcy petitions have been filed by individuals and companies since the beginning of the year, which is 3,900 more than in the same period last year.