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In the 1st quarter of 2022

The number of bankruptcy, insolvency, and recovery of companies, registered in the 1st instance courts of the District of Madeira, increased both in quarterly and year-on-year terms

According to the information provided by the Directorate-General for Justice Policy (DGPJ), the number of opened cases in the District of Madeira related to bankruptcy, insolvency, and company recovery proceedings went up from 55 in the 4th quarter of 2021 to 64 cases in the 1st quarter of 2022 (+16.4%). Compared to the previous quarter (43 cases), there was an increase of 48.8%.

In the 1st quarter of 2022, 60 closed cases were counted, 52 (86.7%) of which ended in bankruptcy or insolvency. The number of bankruptcy/insolvencies increased from the previous quarter (43) and the same quarter of the last year (51).

Regarding the type of legal person involved in the bankruptcies/insolvencies, the share of natural persons (75.0%) was higher than the share of legal persons. In fact, of the 52 decreed bankruptcies/insolvencies in this quarter, 39 were of natural persons and 13 of legal persons. This result is in line with the usual trend, with an exception only in the 2nd quarter of 2020, with the number of bankruptcies/insolvencies decreed for legal persons exceeding that of natural persons.

Falencias insolvencias EN

International Statistical Cooperation

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International Statistical Cooperation

MAC14 20

Statistical Literacy

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Statistical Literacy

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