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Insolvencies decline in Austria
Politics ♦
Published: January 11, 2011; 00:01 ♦ (Vindobona)
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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: © Vindobona.org
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…
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