Cases of bankruptcy reach record numbers

02-03-2010

According to data published by the Czech Credit Bureau, 929 Czech companies and individuals filed bankruptcy in the first two months of 2010 alone, an increase of over 120 percent as compared to last year. February saw the highest number of bankruptcies in a single month, with nearly 500 companies and individuals filing bankruptcy. The increase is especially pronounced as far as personal bankruptcies are concerned, with a growth in numbers by 229 percent.