Bankruptcy petitions jump 12.7% in 2020, says Boa Vista

Bankruptcy claims in 2020 jumped 12.7% and bankruptcies decreed rose by 1.9% compared to 2019, according to national figures from Boa Vista. Over the same period, there was also an increase in judicial recovery requests and granted recoveries by 13.4% and 11.1% respectively. In December alone, according to the survey, bankruptcy petitions rose by 38.31% and bankruptcies decreed increased by 30.4% in the annual comparison.

Source: R7