A total of 1,076 Slovaks declared themselves personally bankrupt in March 2023, according to an analysis published by CRIF–Slovak Credit Bureau (CRIF SK), which operates credit registries of banking and non-banking houses. The figure represents an increase of 27.64 percent year-on-year (y-o-y) and 109.34 percent from February.
In the first quarter of this year, 2,038 Slovaks went bankrupt, down 11.74 percent y-o-y and up 21.04 percent from the previous quarter. "Ninety-four homeless people went bankrupt in March, making up 8.79 percent of the total number of personal bankruptcies," said CRIF SK chief analyst Jana Markova. In March 1,069 bankruptcies (99.35 percent) took place, while 7 debtors (0.65 percent) chose instalment calendars to settle their debts.
Courts cancelled 792 bankruptcies in March. Of them, 714 were cancelled due to a lack of property, meaning that debtors paid nothing. Bankruptcy is still more used by men, with 695 men and only 381 women going bankrupt this March. The share of men increased by 3.14 percentage points (p.p.) y-o-y to stand at 64.59 percent in March. The share of bankrupt women fell by 3.14 p.p. to 35.41 percent. Among men who went bankrupt this March, 2.16 percent had a university education, compared to 2.32 percent in the same month last year. Concerning bankrupt women, 2.62 percent had a university education this March, while it was 2.46 percent last March.
Similarly as a year ago, the highest number of personal bankruptcies (276) was reported in Presov region, while the lowest number (57) was posted in Bratislava region. Kosice was the sole region to show a drop in the number of personal bankruptcies, going down by 5.22 percent. The number of personal bankruptcies in the remaining regions went up, with the highest growth (94.2 percent) seen in Trnava region.
Source: TASR
