Slight Decrease in Business Insolvencies

BusinessEconomy ♦ Published: April 14, 2012; 10:50 ♦ (Vindobona)

In the first quarter of 2012, Austrian business insolvencies went down by 0.6% against the first quarter of 2011. Private insolvencies are rising further.

Slight Decrease in Business Insolvencies / Picture: © Vindobona.org

Insolvency figures show a slight decrease. All in all, 1,608 enterprises filed for insolvency in the first three months of 2012, which is 0.6% less than in the reference period of 2011.

The number of insolvency proceedings was up by 12%, the number of rejected insolvency applications fell by 16%, however. For KSV, the Austrian creditors association, this is “an important step…