Press release
Monitor of Bankruptcies Q4 2015
Milan, February 11th 2016 – The year 2015 ended on a positive note in the way of business closures[1]: bankruptcies stopped rising and there were clear decreases in both other insolvency proceedings and voluntary liquidations. For the first time since 2010, the total number of procedures goes down the threshold of 100 thousand. In fact, during the past year, 96,000 Italian companies went out of business, which is 5.6% fewer than the 102,000 in 2014.
[1] Cerved Monitor on business closure takes into account trends of the three main types of procedures: defaults, non-bankruptcy insolvency proceedings and voluntary business closures.