Bankruptcies sharply increased again in the first quarter of 2022; registrations decreased
"After the obligation to file for insolvency in the event of over-indebtedness came into force again in the second half of the year and a large part of the Corona government aid for companies expired, a certain catch-up effect on insolvencies was already evident at the end of 2021," explains Statistics Austria Director General Tobias Thomas. "In the first quarter of 2022, insolvencies have now more than doubled compared to the previous year and are back to pre-Corona levels," Thomas continues.
In the first quarter of 2022, 15 393 registrations were recorded, approximately one third less than in the first quarter of 2021 with 24 038 registrations.
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