Consumer bankruptcy record high in 2023

The year 2023 is witnessing a surge in consumer bankruptcies, with over 10,000 recorded in the first half alone, setting historical monthly records. In July, 1,654 individuals declared bankruptcy, marking a 40% increase from the same period last year. The trend suggests that 2023 is on track to be a record-breaking year for consumer bankruptcies.

In March, more than 2,000 bankruptcy announcements were made for the first time in Poland's history. This momentum continued with another significant milestone achieved a few months later. The first half of the year saw 10,500 bankruptcies, surpassing the total number of consumer bankruptcy announcements in the entire year of 2022, which was 15,000.

Source: bankier.pl