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The KSV Publishes Austrian 2010 Insolvency Statistics
Politics ♦
Published: December 21, 2010; 15:25 ♦ (Vindobona)
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The Kreditschutzverband (KSV, Credit Protection Association) has established an 8% decrease in corporate insolvencies.
The KSV Publishes Austrian 2010 Insolvency Statistics / Picture: © KSV 1870
In Austria, 6,366 businesses went insolvent, which compared to 2009, represents a decrease of almost 8%. In 3,529 cases, bankruptcy proceedings were started (-6% vs. 2009) and only in 2,837 cases insolvency proceedings could not be instituted because of the lack of assets. This is a decline of at least 10.2% compared with 2009, and doubly gratifying, because there has not been…
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