KRD: 58% of bankrupts in 2018 were listed in debtors' register

Polish companies lost approx. PLN 55 million doing business with contractors that went bankrupt in 2018, but who had been listed in debtor's register before that, meaning that these losses could have been avoided. According to the KRD report, more than half (58 percent) of copniaes that went under last year were listed in the National Debt Register.

“Courts declared bankruptcy of 601 companies in the entire year of 2018. Nearly one-third of these enterprises were entered into the KRD as debtors a year before the bankruptcy … each month the number of indebted companies increased, but the number of their creditors increased even more rapidly,” the report reads.

(ISBnews)