Number of insolvencies jumps by 105% y/y in Q1 2021

In the first quarter of 2021, information on 538 insolvencies of Polish companies was published in official sources (Monitor Sądowy i Gospodarczy), i.e. 105 percent more than the year before (263 insolvencies in Q1 2020). Simplified restructuring proceedings account for 66 percent of all insolvencies – to a large extent replacing the existing forms of insolvency (bankruptcy liquidation and reorganization proceedings), as well as the lack of liquidity of companies carrying it out with much…