Some 114,000 people in the Czech Republic filed for personal bankruptcy
last year, according to a map focused on the issue, produced by the newly
established Institute for Debt Prevention and Resolution.
The highest number of bankruptcies was filed in the region of Ustí nad
Labem, while the lowest number of cases was recorded in Prague.
An amendment to the Law on Insolvency, which comes into effect in June,
should make the debt relief process easier. According to experts, the
number of personal bankruptcies is expected to further increase in the
future.