Slight Decline in Company Insolvencies

Politics ♦ Published: June 28, 2011; 15:22 ♦ (Vindobona)

Private insolvencies are on the rise, while the number of companies filing for bankruptcy is falling moderately.

Slight Decline in Company Insolvencies / Picture: © Vindobona.org

According to data of the Creditors’ Protection Association of 1870 (KSV), 1,672 Austrian enterprises had to file for bankruptcy in the first half of 2011. This corresponds to a 3% drop compared to the first six months of 2010. Approximately 10,300 employees were affected (minus 5.5%).

The KSV urged the government to ensure justice in the bankruptcy proceedings of limited…

or Log In

Fast News Search
Related News
Crisis Not the Cause of Most Bankruptcies (May 19, 2011)
Declining Trend in Insolvencies is Forecast for 2011 (February 15, 2011)
Up to 150,000 Insolvent People in Austria (January 28, 2011)
Increase of Payment Difficulties for Austria’s Private Households (January 13, 2011)
The KSV Publishes Austrian 2010 Insolvency Statistics (December 21, 2010)
Insolvencies: Declining Trend for Both Companies and Individuals (September 28, 2010)
Read More
Bankruptcy, Insolvencies, KSV, Illiquidity, Public Debt
Featured
See latest Vindobona Newsletter