Record Number of bankruptcies in 2009   

By The Holland Times Friday 12 February 2010, 11:02

Never has there been so many bankruptcies recorded in the Netherlands as in 2009. As many as 10,559 people were in the red last year. 

This is a 54 percent increase from last year say figures from the Central Bureau of Statistics (CBS) released Friday.

The increase in bankruptcies is due to trouble in the business sector as a result of the global financial crisis, says the CBS. However, even private individuals and sole proprietors were included in 2009's bankruptcies. Particularly in the first half of the year, when the declarations spiked. 

The worst affected province is Flevoland, according to CBS. Zealand remains the province with the fewest bankruptcies with three thousand companies pulling the plug.