More than 390 companies and institutions bankrupt

07/04/2006 14:35

More than 390 companies and institutions (excluding single-owner companies) were declared bankrupt in February 2006. This is 15 percent down on February 2005. In January, the number of bankruptcies exceeded more than 420. This is 3 percent up on January 2005.

The number of bankruptcies declared in a certain month is also dependent on the number of days the courts are in session, so they may fluctuate strongly from one month to the next. Therefore the moving three-month average gives a more accurate representation of the development. In February the average was 392, clearly down on January 2006 when the moving three-month average was 422.

For the whole of 2005, slightly fewer companies and institutions (excluding single-owner companies) were pronounced bankrupt than in 2004. For the year 2004, about the same number was pronounced bankrupt as in 2003.

Bankruptcies of companies and institutions (excluding single-owner companies)

Bankruptcies of companies and institutions (excluding single-owner companies)