Number of consumer bankruptcies up by 55% y/y in Q1 2023
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Bankruptcy was declared for 5,352 individuals in the first quarter of 2023, which represents a 55 percent y/y increase, according to an analysis carried out by the Central Economic Information Centre (COIG) based on announcements in the Court and Economic Monitor and the National Debt Register. This means that this year we may have over 20,000 bankruptcies for the first time.
In March, a monthly record of 2,016 consumer bankruptcies was documented. According to data from the National Debt Register (KRD), bankruptcies left behind PLN 159.7 million in unpaid debts.
