Spectator on facebook

Spectator on facebook

731 people went bankrupt last year

The number is expected to increase this year, particularly due to new rules.

Illustrative stock photo(Source: Sme)

Slovak courts approved 177 personal bankruptcies in the final quarter of 2016. As for the whole year, the number amounted to 731, which is 22.45 percent more than in 2015, the SITA newswire reported.

Altogether 2,920 Slovaks have gone bankrupt since 2006, according to the information of the CRIF – Slovak Credit Bureau (CRIF SK) company.

“The number of personal bankruptcies increases every year,” said Jana Marková, chief analyst of CRIF SK, as quoted by SITA and they expect to see the same in 2017, particularly as the amendment to the law on bankruptcies comes into force on March 1.

Read also: Read also:More people opt for personal bankruptcies

The courts approved the so-called testing period in 155 cases, which is 17.42 percent more than in 2015, the CRIF SK analysis suggests. The debts of 49 people were eliminated in 2016, an increase of 11.36 percent compared with the previous year.

The testing period was rejected in three cases, one case more than in 2015, according to the analysis.

The number of personal bankruptcies increased in annual terms in all regions but Nitra. The largest number of personal bankruptcies last year were reported in Banská Bystrica, amounting to 124. It was followed by the Bratislava Region with 114 bankruptcies and the Košice Region with 101. Only 61 bankruptcies were approved by courts in the Trenčín Region last year, the lowest in the country, SITA wrote.

Topic: Finances and Advisory


Top stories

Scrapping the amnesties to be discussed in fast-track proceeding

The government proposal may be adopted on March 30.

Parliament discusses the laws intended to scrap the Mečiar amnesties.

We were joking before the trip, women from the first transport to Auschwitz recall Video

On March 25, Slovakia marked 75 years since the first transport of Jews to the Nazi concentration camp in Auschwitz.

EU opens e-payment market to IT giants

People should benefit from stronger competition, faster and cheaper payments and higher security.

Illustrative stock photo

Mendoza: A news story can change the world

Every journalist has the responsibility to take a story beyond their daily beat, says Martha Mendoza, one of the team of four women who won the 2016 Pulitzer Prize for Public Service for their “Seafood from Slaves”…

Martha Mendoza