The number of consumer bankruptcies up by 47.9%
21:25
The number of consumer bankruptcies published in Monitor Sądowy i Gospodarczy amounted to 16,674 in the period January-November 2021, which means an increase of 47.9 percent y/y, according to data from the Central Economic Information Center (COIG). According to COIG, bankruptcies have stabilized at 1,400-1,600 per month.
"We should finish the entire year 2021 with a level of just over 18,000 consumer bankruptcies,” the report reads.
From January 1, 2015, to March 24, 2020, half of the bankruptcy petitions were dismissed. The requirement to declare bankruptcy was a condition that was not at the fault of the debtor. Currently, each declaration of bankruptcy by the debtor ends with its declaration, and the court decides in what amount (adjusted to the debtor's current capacity) and for how long (up to 7 years) the debtor will pay the liabilities, indicated in the material.
From January 1, 2015, when the regulations facilitating consumer bankruptcy were changed, until November 30, 2021, a total of 56,353 people announced consumer bankruptcies.
