Czech Republic: Alarming Increase of Private Bankruptcies

BusinessEconomy ♦ Published: January 7, 2014; 15:26 ♦ (Vindobona)

The number of private insolvencies increased by 13 percent and stood at a new record in 2013.

Czech Republic: Alarming Increase of Private Bankruptcies / Picture: © Vindobona.org

The number of private bankruptcies increased 13 percent to a new record of 19,165 in 2013. However, according to credit register company CRIF, growth slowed down last year compared to the previous years. "Despite the initial fast growth in personal bankruptcies, their dynamics decreased significantly in the last year," CRIF analyst Vera Kamenickova said. The number of filed appeals for…

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