This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at Los niveles de insolvencia judicial caen por primera vez desde 2007
The levels of judicial insolvency fall for the first time since 2007
02/10/2009
October 2, 2009
During the third quarter of 2009 there were 1,180 new insolvency proceedings, as reflected in the monitoring of court insolvencies in Spain which makes the area of risk management of credit and suretyship, from the data published in the Official Gazette.
It's the first fall that records this quarterly indicator in the past two years. Waiting for the official indicator, to be published in November, the developed data reflect a decrease of the concursalidad of 32% over the second quarter of 2009. The last recorded fall of the concursalidad, from 10.4 per cent, occurred in the third quarter of 2007. Since then, the data have been established quarterly maximum on the number of processes to over 1,700 in the second quarter of 2009.
In Catalonia, the community that always concentrates the largest number of processes due to its weight in the economy, there has been a decrease in the concursalidad of 31.4%. The geographical analysis reveals that the decline of court insolvencies has been more accused in Andalusia, Murcia, Spain, Aragon, Asturias and La Rioja, with values above 40%. Only Castila-La Mancha reported increases in the number of processes.
