DECRYPTION – Up nearly 35% in the first quarter, bankruptcies are approaching their pre-crisis level.
Maintained for two years at an artificially low level due to the aid systems put in place by Bercy (deferral of charges, PGE, solidarity fund, etc.), business failures, more than 28,000 in 2021, against 51,000 in 2019 , were called to go up. If the trend started in November 2021, the pace is however stronger than expected with an increase in the first quarter of 2022 of 34.6% compared to the same period in 2021, according to data from the Altares firm published on Tuesday. “With 9972 recorded procedures from 1is January to March 31, we are approaching pre-crisis default thresholds (10,902 in the first quarter of 2020), and we must guard against it. The resilience plan goes in this direction and that’s good”underlines Thierry Millon, the director of studies of Altares.
With 220 judgments over the past three months, safeguard proceedings have notably jumped by 29.4%, while judicial reorganizations (2,188 judgments pronounced)…
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