Credit reform2019 saw more bankruptcies in Luxembourg than ever before

RTL Today
A total of 1,263 companies had to file for bankruptcy in Luxembourg in 2019.

The numbers represent an increase of 5.7% - more companies have filed for bankruptcy than ever before.

Companies that had existed for more than 5 years were particularly affected. Most of them were active in the service sector. The construction sector also witnessed a rise in bankruptcies.

Similarly high numbers are expected for this year.

PDF: Creditreform press release

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