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Number of insolvency cases in Latvia grew by 30% in 2012
BC, Riga, 02.01.2013.
Print version
Print version2,238 insolvency cases were opened in Latvia in 2012, 30% more than in 2011, when 1,724 insolvency cases were launched, according to the Insolvency Register's data, reports LETA.
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Of these, 61% or 1,365 insolvency cases were opened against private individuals. 39% or 873 were launched against legal entities. In 2011, 845 private individuals and 879 legal entities were declared insolvent.
197 insolvency cases were opened in December 2012, including 118 against private individuals and 79 against legal entities. Last year, the largest number of insolvency cases was registered in August – 254.
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