Bankruptcies Increase

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No image availableNL Times

The Dutch Central Bureau of Statistics, Centraal Bureau voor de Statistiek (CBS), reported that the first three months of this year registered the highest number of bankruptcies in a quarter since measurements started 30 years ago.According to, judges declared bankrupt 709 businesses and institutions in March. This number is 50 less than the month before, but the three-month-average of 734 over January, February and March is the highest average number ever. According to the CBS, this number gives a better picture of the developments because the number of bankruptcies is related to the number of court days, which is different every month.