CRIF: Corporate bankruptcies fall due to emergency

(ČIA) In April 2020, 44 bankruptcies by commercial firms, 601 bankruptcies of natural entities-entrepreneurs and 1,355 personal bankruptcies were declared in the Czech Republic, according to an analysis by CRIF – Czech Credit Bureau. At the same time, 91 proposals for company bankruptcies, 507 proposals for entrepreneurial bankruptcies and 1,146 proposals for personal bankruptcies were submitted. Their number was the lowest in all monitored categories since June 2019 when the amendment to the insolvency act came into effect. The reason for it is the restricted functioning of courts during the state of emergency.



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