Tag Archives: Bankruptcy in Switzerland

In 2020, the Covid-19 pandemic hit the Swiss economy. GDP fell by 2.9% compared to 2019. However, despite the fall in economic output the number of bankruptcies fell by 6.7% compared to 2019. © Deaconsdocs | Dreamstime.comIn addition to a fall in the number of bankruptcies, the sum lost from closed bankruptcies fell 27%, after adjusting for the CHF 6.5 billion lost from the collapse of the Erb empire, Switzerland’s second largest bankruptcy after Swissair. Rolf Erb, the last CEO of the...

Despite the economic impacts of the coronavirus, significantly fewer Swiss companies went bankrupt in 2020 than the year before, according to the business data company Bisnode. © Sylvain Robin | Dreamstime.comDuring 2020, 3,811 Swiss companies filed for bankruptcy, 19% fewer than in 2019. Sectors that experienced the greatest fall in bankruptcies include artisans (-174 bankruptcies), hotels and restaurants (-124), retailers (-68) and wholesalers (-66). The slowdown in company failures...

The number of people with debts in default continues to rise in Switzerland. © Siriporn Kaenseeya | Dreamstime.comAt the end of July 2019, 561,000 people, 6.5% of the population, were unable to service their debts according to the price comparison website comparis.ch. The figures, based on data from the credit analysis company CRIF include those who have failed to make repayments and are being pursued by creditors or have declared bankruptcy. The highest rates were in the cantons...

© Siriporn Kaenseeya | Dreamstime.com The number of people with debts in default continues to rise in Switzerland. At the end of July 2019, 561,000 people, 6.5% of the population, were unable to service their debts according to the price comparison website comparis.ch. The figures, based on data from the credit analysis company CRIF include those who have failed to make repayments and are being pursued by creditors or have declared bankruptcy. The highest rates were...