Pronounced Bankruptcies; company age and number of employees

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Description topics

Pronounced bankruptcies

Pronounced bankruptcies
Number of natural persons with sole proprietorship, companies and institutions that have been declared bankrupt by court ruling.

Bankruptcy
A legal proceeding involving a legal entity (person or company) that has ceased to repay outstanding debts and is declared bankrupt by the court. All assets and income of the entity (the debtor) are seized and used to repay the debts. Bankruptcy may be initiated by a creditor, the debtor or the public prosecutor’s office. After payment of the assets and income to the creditors, the bankruptcy is filed as completed, but the debtor is often not free of debts as any residual debts will remain payable. Moreover, a declaration of bankruptcy at the request of a creditor is only possible if there are debts to other creditors as well.

Business age in event of bankruptcy

The number of years between the date of bankruptcy of a company and the founding date of that company.

Employees in event of bankruptcy

Employees (Employed persons) involved in the bankruptcy, expressed in full-time equivalents (FTEs). Employed person is a person who has a job at a company established in the Netherlands or at a private household in the Netherlands.
In this investigation, hired and / or seconded staff and temporary workers are counted as persons employed by the company, not staff hired to third parties.