Bankruptcy orders fall 15% in the first 4 months of 2017

The number of bankruptcy applications fell 15 percent in the country in the first four months of 2017, as compared to the same period last year.
In the past 12 months, however, there was rise of 0.2%. The data released today (3) are da Boa Vista Central Credit Protection Service (SCPC) and has national scope.
The number of bankruptcies imposed in the first quarter was 1.6 percent less than the registered in the same period in 2016. In the past 12 months, however, there was increase of 11.5%.
"It is possible that the companies will reveal better results of indicators of solvency, once the period of low economic activity, restriction of credit, reduced consumption and other factors. The trend is recovery of the ability of companies to cover its financial commitments, "the company said in a note.
The Boa Vista SCPC gathers business information and personal information of more than 130 million businesses and consumers.
The number of requests for judicial recovery in the first quarter had strong recoil of 28.3%. However, in the past 12 months, there was rise of 3.7 percent.
The amount of judicial recoveries imposed also fell in the first four months, with retraction of 18.5% as compared to the same period in 2016. Already in the past 12 months, there have been 12% elevation.