Personal bankruptcy on the rise

In the first half of the year, 601 Polish consumers declared bankruptcy, according to Puls Biznesu daily. On a monthly basis, the number has been increasing significantly. In January, Polish courts ruled two cases of personal insolvency, in February - 25, in April - 118 and in June - 240, the daily informed.

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.