BANKRUPTICIES DOWN

The total number of bankruptcies (companies and individuals) declared by Portuguese courts of first instance dropped by 5% year-on-year in the first half of 2015.

However, bankruptcies remained very much at a historical high with the total amount of value involved in the second quarter of this running six times higher than that registered in the corresponding period of 2007.

The total number of individuals going bankrupt was down 0.3% in annualized terms with the remaining involving companies going to the wall, up 0.3% on last year.

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