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CRIF: Number of personal bankruptcies in June drops

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This June, 926 personal bankruptcies were officially registered in the Czech Republic, a drop of 341 from May and the lowest number in any month this year. But overall personal bankruptcy filings have risen to 2,227, the highest number since 2013, according to data from CRIF – Czech Credit Bureau. CRIF analyst Věra Kameníčková says the number of personal bankruptcy petitions is increasing due to the amendment of the Insolvency Act, which came into force in early June and allows for a wider group of people to qualify.

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