Consumer bankruptcy at record high
12:34
In the first half of the year, 2,535 Polish consumers filed for personal bankruptcy, 1,235 cases were examined and courts ruled 699 cases of personal insolvency, Deputy Minister of Justice Jerzy Kozdroń told the Polish Press Agency (PAP).
The new law which entered into force with the beginning of the year, makes it easier to declare a personal bankruptcy. Jarosław Nawrotek, the president of the Central Office of the Economic Information (COIG) predicts that the annual number of bankruptcies may reach 2,000, twice as many as last year.
Kozdroń reminded that in 2009, the number of consumer bankruptcies stood at 10 and in the subsequent years, the average number totaled 12-14 a year.
