Last October ended with more than 905 companies in insolvency, the highest figure in the entire series since the reform of the Bankruptcy Law came into effect in September 2022. This brings the country to accumulate 5,911 bankruptcy petitions so far this year, nearly the same number in ten months as all those recorded in 2021, when the economy was still struggling to recover from the Covid-19 pandemic.
There are several reasons that explain these numbers: the upcoming end of the accounting moratorium, high inflation in recent months, and the balance sheets of heavily indebted companies. Since the beginning of the year, according to data from Informa, bankruptcy filings have increased in almost all sectors. The largest increases are recorded in commerce (+172), which represents 26% of the total, followed by hospitality (+113) and business services (+64).
