Mediafax (Mediafax)
Markets  |  November 02, 2012 13:30:41

The October number of personal bankruptcies declared exceeded the five-year maximum


PRAGUE (MEDIAFAX) - The highest value in the last five years in October exceeded the number of personal bankruptcies in the country, a total of 2,348 proposals for insolvency announced its bankruptcy in 1703 persons. Corporate bankruptcy last month announced 400 companies, which is about 92 more than in September, reported on Friday by Czech Credit Bureau.

Total of 131 cases of corporate bankruptcies are related companies and 269 business bankruptcies reported individuals. In the case of individuals, businesses is the highest value for one month since 2008.

"It is expected that by the end of the year, the number of corporate bankruptcies is higher than in the previous year. Will be much higher in the case of bankruptcies of individuals and businesses by about 10 per cent higher in the case of bankruptcy of companies.For the second consecutive year will pass most bankruptcies at the turn of the millennium, however, solely due to bankruptcies of natural persons entrepreneurs, "says the head of the analytical department of Czech Credit Bureau Vera Kameníčková.

In the regions most experienced corporate bankruptcies Moravian-Silesian Region (73), which was followed by an interval Ústecko (49). The least affected of the ruins of the Region, and the highlands (both seven cases).

Of the total number of companies declared bankruptcy in October, most of them were in the retail and hospitality (48) and services (34). For the past 12 months, most bankruptcies in this sector also published in these two sectors (420, or 409).

Also, the number of proposals for personal bankruptcy in the amount of 2348 to this October came in first place in the period after January 2008. Compared to September, there were 594 personal bankruptcies more. High-month growth is influenced by the relatively small number of personal insolvencies in the previous month.

In the regions in October seemed the most personal bankruptcies in the Central Region (255), behind which is placed Usti regions (228) and Moravian (163).

In ten months of this year declared personal bankruptcy 14,092 people, as compared to the same period in 2011 represents an increase of 50 percent. The highest number of personal bankruptcies declared Ústecko recorded (1851), Central Region (1707).

"The number of personal bankruptcies will continue to increase, but growth will not be as steep as in previous seasons. This year, on average, their number increased by 51 percent, last year it was about 90 percent," concluded analyst Kameníčková.

Jan Soukup, soukupj@mediafax.cz

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