Despite the effects of the pandemic and its global financial effects, this represents 5.7% fewer than in 2019. It has been suggested that some bankruptcies have been delayed due to pandemic-related financial aid.
One thing that particularly stood out is that some firms were affected that had been in business for over five years. Most firms that needed to close down belonged to the service industry.
The number of bankruptcies this year is expected to be very high.
