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Insolvencies: Declining Trend for Both Companies and Individuals

Published: September 28, 2010; 12:33 · (Vindobona)

KSV expects 10% less insolvencies for 2010, but warns about the consequences of fiscal budget adjustment.

Insolvencies: Declining Trend for Both Companies and Individuals / Picture: © KSV 1870


Relaxation on the part of insolvency is evident: the declining trend in bankruptcies in Austria has continued in the first three quarters of 2010, and the number of personal bankruptcies has also decreased. For the current full year, the Kreditschutzverband von 1870 (Credit Protection Association of 1870, KSV) expects a decline in corporate insolvencies of up to 10%, and for…

This article includes a total of 302 words.

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