Company Bankruptcies Rise by 22% in 2024
Liabilities are also expected to increase by 31%, with the rise mainly due to a string of high-profile insolvencies.
KSV1870 Warns of Rising Personal Bankruptcies Due to Overspending
Their latest report highlights that individuals overestimating their financial abilities is the most common cause of these financial failures.
Court Rejects Signa’s Restructuring Plan in Historic Collapse
The Vienna Higher Regional Court has upheld an appeal by the Republic of Austria, rejecting the restructuring plan of the collapsed developer Signa in Austria’s largest-ever bankruptcy.
High Bankruptcy Numbers Expected in 2024
Nearly 2,100 business bankruptcies have been filed so far this year, marking the highest number in a half-year period in 15 years.
