Tupperware has filed for Chapter 11 bankruptcy protection, seeking to restructure debt and weather a growing economic downturn. Founded in 1946, the company is having to prove its resilience in a market…
Milan confirms itself as the first court for new judicial liquidations, while Genoa, Modena and Naples do not record bankruptcies in 2023 - The data collected by the Cherry Sea Observatory
The data emerge from the Cherry Sea Observatory, created by the fintech startup "Cherry srl", on the progress of proceedings in the first eight months of 2023 in relation to the top twenty bankruptcy sections by volume of activity in Italy
In the first three months of the year, 854 judicial liquidations were opened. Adding up the procedures, there is an increase of 4% compared to 2022. The stock of bankruptcy procedures still open amounts to over 25 thousand
According to the Bankruptcy Justice Observatory of Cherry, a fintech startup that provides artificial intelligence services to credit operators, in the first three months of 2022, in particular, there was a decrease compared to the same period of 2021 in new bankruptcies…
According to a recent study by Bank of Italy, business failures in our country in 2020 and 2021 were fewer than before Covid - This is the effect of the robust supports adopted by governments, which have made it possible to…
Between January and June there was a 60% increase compared to the same period of 2020 - For pending cases, the most virtuous Court is in Emilia Romagna
According to Unioncamere data, the companies that went out of business in the first six months of 2021 were 4.667 compared to 5.380 in 2019
On May 10, 1837, the banking bubble burst in the USA and within two months their bankruptcies were gigantic and burned almost 100 million dollars: out of 850 US banks, 343 closed and 62 partially failed
According to a study by the Bank of Italy, in 2020 there were a third fewer bankruptcies than the 11.000 in 2019: but by 2022 there could be 6.500 more.
According to the Cherry Observatory, about 11 bankruptcy proceedings are opened in the Italian courts every year and 35% are taken over by Rome and Milan - But the fastest and most efficient court is the one…
Insolvencies are expected to rise by 2020% globally for the second half of 26 - But among the countries with the steepest drop in defaults in 2021 are those in southern Europe, including Italy.…
Italy in 2019 +4%, worldwide +1,25% - Political and commercial uncertainty is one of the causes of the lower business confidence of the reduction in investment growth, with an increase in financial risks - An economy is expected in Italy …
UNIONCAMERE-INFOCAMERE SURVEY - Fewer and fewer companies are taking the books to court, there are 3.000, 15% less than a year ago
Business interruptions are confirmed as the number one risk most feared by companies, but new threats come from market evolution and cyber incidents - The results of the Allianz Risk Barometer 2016.
There are rules for access to facilitated credit to allow the recovery of companies in crisis, measures to improve competition in composition with creditors and new parameters for debt restructuring agreements - In the text also the…
History is full of financial crises and insolvent countries but Greece's bankruptcy is held back by its membership of the EU and the Eurozone - If it fails and leaves the euro Greece would suffer a sharp devaluation of its new…
Philippe Camperio, an Italian-Swiss financier, is the man who has been entrusted with the future of Borsalino, one of the best-known Made in Italy brands. After Marenco's escape and the risk of bankruptcy, Borsalino's board of directors asked…
The double-digit growth brings defaults to over 8 if we consider the entire six-month period: +10,5% compared to the already high level of the previous year and an absolute record since the beginning of the historical series since 2001.
According to data released by Cerved in the first quarter of 2014, company bankruptcies grew by 4,6% over the year, reaching a record figure of 3.811 - Other types of company closures are down: voluntary liquidations -5% and procedures…
According to the usual quarterly report drawn up by Cerved, 2013 was a real black year for Italian companies - More than 110 companies closed, 7,3% compared to 2012 - In terms of bankruptcies, the year just ended…
In detail, bankruptcies were 9.902 in the first nine months of the year, an increase of 12% compared to the same period of 2012 - Lombardy black jersey with 2.250 defaults.
STUDY OFFICE OF THE CHAMBER OF COMMERCE OF MONZA AND BRIANZA - While bankruptcies increase, even historic companies are struggling to resist - At a territorial level, there is a more evident variation of new bankruptcies in Tuscany - Lazio…
Giochi Preziosi will be able to avoid bankruptcy thanks to a capital increase of 30 million euros. Enrico Preziosi has signed an agreement that will make it possible to halve the debt which currently amounts to 320 million. Participants in the recapitalization…
"This is a photo taken on 31/12/2011, i.e. more than a year and a half ago - explains Giuseppe Bortolussi, secretary of the Cgia -, which does not include companies with less than 20 employees which, I recall, make up the …
There were 3.500 bankruptcy proceedings in the first quarter, up 12% on an annual basis - Arrangements with creditors also soared, marking an increase of as much as 76% - Despite this, in May the composite climate index of…
The number of companies that closed their doors in the first three months of the year grew by 13% compared to 2012, so far the worst year since the beginning of the crisis - On average, 43 companies go bankrupt every day.
The leading group in the luxury sector has presented a bid for Richard Ginori, now in bankruptcy. "The offer aims to protect and relaunch a historic brand of Florence, which has always been synonymous with quality and craftsmanship" reads the…
"Another announcement must be made immediately - said Bernardo Marasco, secretary general of Filctem CGIL in Florence -. It is important that the unity of the company is maintained, without resorting to a stew". Workers' sit-ins are planned in front of the factories.
In the calendar year that has just ended, "just" 28.300 companies closed their doors, according to provisional data from the federal statistical office, Destatis.
According to Cerved data, the number of companies entering crisis is up by 2,2% compared to the previous year and by 64% compared to 2008 - Bankruptcies in services and construction are on the rise - The crisis becomes…
Almost three quarters concern joint-stock companies - The figure drops instead by 7,3% among partnerships and 9,8% among sole proprietorships - Lombardy is bad (+6,2%), Veneto improves (-13,2 %) and Emilia-Romagna (-10,2%) - New flare…
The group, one of Germany's photovoltaic leaders, was forced to file for insolvency in May this year. - 500 people have already been fired, the rest will be fired. - Looking for another investor.
In the first quarter of the year, more than three thousand Italian companies closed their doors definitively, sunk by unsustainable times of justice. Territorial discrepancies in the times of justice make the survival of the initiatives between the South and the Northeast even more difficult.
The black moment for Italian companies continues: in the first three months of 2012 there were 0,4% more bankruptcies than a year earlier, and 36,6% more than in 2009 - Only in the region…