CRIF: There has been a noticeable decrease in personal and business bankruptcies over the years

In August, 63 bankruptcies of commercial companies, 393 bankruptcies of individual entrepreneurs and 1,044 personal bankruptcies were declared in the Czech Republic. While for commercial companies it is the same number as in Ukraine, then the bankruptcy of natural persons, entrepreneurs and personal bankruptcies recorded a month-on-month increase, which is, however, influenced by the narrow sweat of bankruptcy in Ukraine. At the same time, 93 proposals for the bankruptcy of commercial companies, 373 proposals for the bankruptcy of natural persons and 1,084 proposals for personal bankruptcy were rejected. Flush it from the portal’s data analysis www.informaceofirmach.cz, which is regularly performed by CRIF Czech Credit Bureau.

The number of bankruptcies of commercial companies in August was the same as the previous month and was the second highest this year. The number of bankruptcy filings increased by 35% to 93 compared to last year, which is slightly above average compared to other months of this year. In five months, let’s expect only a little bit of corporate bankruptcy, their stagnation, k Vra Kamenkov, CRIF analyst. In the first 8 months of this year, 480 business companies went bankrupt, which is 15 less than in the same period last year, but certainly not in the pre-pandemic year 2019. The number of proposals for bankruptcy of business companies has been increasing slightly in the last two years. In the first eight months of 2020, there were 549 proposals, last year there were 673 proposals, and this year there are 700 proposals.

In the last 12 months, companies in the Olomouc region were most at risk of bankruptcy, where 27 companies went bankrupt out of 10,000 existing ones, and in Prague, where 23 companies out of 10,000 went bankrupt. The Olomouc region also recorded the highest increase in corporate bankruptcies, by 138%. Companies in the Krlovroč region were least threatened by bankruptcy, where only 9 bankruptcies per 10,000 companies occurred.

The business goes bankrupt, except for the Moravian-Silesian region

After the bankruptcy of natural persons, the number of entrepreneurs decreased by 63 (by 19%) compared to the previous year to 393. It is still the value, not last year. Leton average is 449 bankruptcy per month. In the last two months, for the first time since April 2019, the number of business bankruptcies fell below 400, and the number of insolvency proposals does not indicate that there should be more in the coming months, dovv Vra Kamenkov. The decrease in bankruptcy of female entrepreneurs is also noticeable when comparing the number of bankruptcies in the first 8 months of the year. In 2020, bankruptcy was avoided for 5,088 female entrepreneurs in this period, last year it was for 4,314 female entrepreneurs, and this year only 3,594 female entrepreneurs went bankrupt, which, moreover, is equal to the number not before the outbreak of the pandemic.

Self-employed people reported the highest number of bankruptcies in the Stečko region, where 104 out of 10,000 went bankrupt in the last 12 months, and in the Karlovy Vary region, where there were 90 female entrepreneurs. Entrepreneurs in Prague are at risk of bankruptcy the least, with 32 bankruptcies per 10,000 entrepreneurs. The only region where the number of bankruptcies has increased is Moravian-Silesian, where 695 bankruptcies of natural persons and entrepreneurs were filed in the last 12 months, which is 1% more than in the previous 12 months and is therefore a very small increase. Compared to other regions, where bankruptcy was dreamed of and tens of percent, however, this is a warning signal.

Personal bankruptcies have decreased significantly in recent years

In August, 1,044 personal bankruptcies were filed, which is, of course, 164 more than in the previous month, but in comparison with the whole year, it is still more than one. The same goes for proposals for personal bankruptcy, of which 1,084 were filed in August. From January to August, a total of 9,394 personal bankruptcies were filed, which is 1,296 fewer than in the same period last year.

The highest number of people per population went bankrupt in the last 12 months in the Karlovy Vary Region, where the courts declared personal bankruptcy for 23 out of every 10,000 inhabitants, and in the Hundred Region, where there were 22 personal bankruptcies per 10,000 inhabitants. Residents of the Vysoina region fared best, with only 8 bankruptcies per 10,000 inhabitants. All regions recorded a decrease in the number of bankruptcies compared to the previous 12 months.

Graph 1: Bankruptcies of business companies 2020 – 2022

Source: CRIF

Chart 2: Bankruptcies of natural persons, entrepreneurs 2020 – 2022

26ef6527cc.jpg

Source: CRIF

Chart 3: Personal bankruptcies 2020 – 2022

6e690a888c.jpg

Source: CRIF

The article is in Czech

Tags: CRIF noticeable decrease personal business bankruptcies years

PREV The 1st Ward cases saw record viewership. They broke a ten-year record
NEXT Gloss: Fear of Wenceslas as a lever for revolution