Insolvencies decline in Austria

Politics ♦ Published: January 11, 2011; 00:01 ♦ (Vindobona)

Corporate insolvency proceedings fall by 5.9%, affecting more than 85,000 creditors. Creditreform considers there is still potential for lower figures.

Insolvencies decline in Austria / Picture: ©


The final figures of Creditreform’s corporate insolvency statistics for the full year 2010 show that the development started in the first quarter has continued. Corporate insolvencies fell by 5.9% to 6,657 proceedings. The number of  proceedings started fell by 6.1% to 3,521 companies. In 3,136 cases (-5.7%) insolvency applications…