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Tuesday, April 23, 2024

Fewer companies going bust during epidemic

During the coronavirus epidemic, there were fewer bankruptcies among companies compared to last year, show data by the AJPES agency for legal records. In the first nine months of 2020, 845 companies went bankrupt, down 16% on the same period in 2019 and a 21% drop on the same period in 2018.

 

This is most probably because the emergency act to contain the epidemic and mitigate its consequences, passed during the first wave, extended certain insolvency procedure deadlines.

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