Company insolvencies up 11% in 2021
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1,328 insolvency petitions relating to companies were filed in Israel’s courts in 2021, 11% more than in 2020, when 1,200 such petitions were filed.
The figures are from a report published this morning by the Administrator General, the Commissioner of Insolvency Proceedings, and the Succession Cases Registrar at the Ministry of Justice.
In 2021, debts in claims filed with the Commissioner of Insolvency Proceedings amounted to NIS 60.5 billion. Of this, NIS 43.7 billion was in proceedings relating to individuals and NIS 16.7 billion was in company insolvency proceedings.
Read more in Globes.
