Bankruptcies rampant in first half of 2012
By The Holland Times Wed. 18 July 2012
A large increase in the number of bankruptcies has affected almost 28, 500 people in the first half of this year, according to figures release by the Chamber of Commerce (Kamer van Koophandel, KvK).
In the first half of 2012, a total of 4,112 companies declared bankruptcy, marking an increase of 26 percent over the same period last year. Accompanying job losses rose by 28 percent.
A large number of the bankrupt companies are small, single person venture, but larger companies have not proved immune. A total of 17 companies with over 100 employees and 52 companies with 50 to 99 employees are included in those that filed for bankruptcy in the first half of this year.
However, new entrepreneurs do not seem put off by the trend, and in the first half of this year 69,822 new businesses were registered with the KvK. This is down three percent from the number of start ups in the same period last year.