NUMBER OF BANKRUPTCY CASES BEGAN TO GROW IN RUSSIA

For the first time since 2017, an increase in the number of bankruptcies became the result of the first half of the year. Experts associate this both with the general economic situation and the consequences of the pandemic, and with the lifting of the moratorium, which nevertheless restrained the wave of bankruptcies.

The number of creditors, who announced their intention to bankrupt their debtors, increased by 30% compared to the same period of the previous year.

It is worth saying that since 2012 there has been a gradual increase in insolvency cases, the situation began to change in 2017, when the process of a systematic increase in the number of bankruptcies stopped.

At the same time, last year, the total number of insolvency cases dropped by 20% at once due to the imposed moratorium and non-working days.

It is curious that the debtors themselves, on the contrary, are in no hurry to declare bankruptcy. The number of insolvency petitions filed this year is lower than in the same period last year.

A high growth in bankruptcy cases was shown by the Krasnodar Territory, where tourism is actively developed. Probably, the multiple restrictions in this industry did not go unnoticed for the business.

Experts believe that the upward trend in the number of bankruptcies will only intensify, and the impact of the pandemic may persist for another year and a half.