Applications for bankruptcy fall 16% and 7.9% rise for reorganization in 2018

Bankruptcy orders dropped 16% in 2018 in comparison with the previous year, according to nationwide credit information company. The basis for comparison, bankruptcies recorded high of 9.6% enacted and applications for judicial reorganization rose 7.9%. The Court deferred recoveries have advanced 5.8 percent. Small suffer. Small businesses accounted for 91.4% of applications for bankruptcy and 90.7% of judicial recovery. In relation to the services sectors responded by most applications for bankruptcy (41.7%), followed by industry (31.9%) and trade (26.4%). Resumed. The result of 2018 represents the second consecutive year of decline in applications for bankruptcy. According to the Boa Vista, the movement is related to the improvement in economic conditions from 2017, which allowed companies to submit recovery in solvency indicators. However, the continuity of the movement will depend on the accelerated economic activity intensified. (Cristiane Barbieri)