The number of businesses declared bankrupt decreased slightly in October compared to the previous month, but business bankruptcies are still rising on an annual basis, according to Statistics Netherlands (CBS). Some 292 companies, institutions and sole proprietorships were declared bankrupt last month, a third more than in October 2022, once the data was corrected to account for the date of court proceedings. So far this year, there have been about a 60 percent increase in bankruptcies compared to the first ten months of 2022.
A total of 73 more companies went bust last month compared to a year earlier, when 219 firms were declared bankrupt. “Not corrected for court hearing dates, 332 companies and institutions (including sole proprietor…
Read the full article at: https://nltimes.nl/2023/11/13/third-companies-went-bankrupt-october-compared-year-earlier