Press release

Monitor of Bankruptcies 2016

Milan, 13 February 2017 – In 2016, downward trends in the number of bankruptcies and other insolvency proceedings gained strength, on the back of diminishing use of the voluntary arrangement with creditors, but there was an upturn in voluntary liquidations of solvent businesses.

This is the picture painted in the Monitor of Bankruptcies, Insolvency Proceedings and Business Closures for 2016 released today by Cerved, the Italian leader in credit risk analysis and non-performing loan management.

“Last year was a positive one overall. Improvements already seen in 2015 continued and gained strength, with a more marked decrease in bankruptcies and other insolvency proceedings, spreads across almost all regions of the country.” – said Marco Nespolo, Chief Executive Officer of Cerved – “Nevertheless, there are some warning signals: we are still far from the pre-crisis levels and the increase in voluntary liquidations might actually be a reflection of less optimistic expectations among entrepreneurs”.