Companies restructuring

Insolvencies Increase As Government Support Ends

Crédito y Caución (Atradius) | Global GDP growth is expected to slow in 2022, as price pressures are rising due to supply chaindisruptions, strong consumer demand and the Russia-Ukraine conflict. In some markets, we already saw a partial return to normality in 2021 in insolvency developments. Forinstance, in Spain, Italy and Czech Republic, insolvencies started to rise in 2021 after they declined in 2020. For the majority of markets, however,…

pensions bankrupcy

Corporate Insolvencies To Increase By 33% In 2022

Crédito y Caución expects global insolvencies to increase by 33% in 2022. According to the latest report released by the credit insurer, the still low level of corporate bankruptcies this year is due to the extension of fiscal measures in many countries and the continuation of moratoria on the application of bankruptcy legislation. Contrary to initial fears when the pandemic broke out, corporate insolvencies fell by 14% in 2020. France,…

spain business network

Spain: 2,000 Companies Have Already Declared Insolvency Despite The Insolvency Moratorium

T.C. | In Spain, 2,086 companies declared insolvency between January and April this year, an increase of 71% compared to 1,217 a year earlier, according to data published in the Official State Gazette and analysed by Iberinform. The strongest growth was in April, when 552 insolvencies were declared, compared to 41 in April last year, when the legal moratorium and confinement began, exempting administrators from filing for insolvency proceedings. The…

spain business network

Global Corporate Insolvencies Are Expected To Increase By 26% In 2021

Crédito y Caución (Atradius) | The widely anticipated rise of business insolvencies did not occur in 2020. Global insolvencies are estimated to have declined by 14% in 2020. This is likely to be followed by a 26% rise of insolvencies in 2021. The increase is expected to take place in all major regions and countries, except Turkey. This upward trend is not surprising, as we expect that the temporary measures that kept insolvencies unusually low in 2020 (insolvency law amendments, fiscal support) are gradually phased out in 2021. The level of bankruptcies at the end of 2021 will be higher in virtually all markets than it was in 2019.


Global Insolvencies Could Increase By 26% In 2020

In Spain, the increase foreseen by Crédito y Caución reaches 30%, due to the sectorial composition of the economy. The credit insurance company forecasts an increase of 26% in corporate insolvencies worldwide, which will largely materialize during the second half of 2020.