5 tips to spot a bankruptcy
On average, we see more than 5,000 Danish companies go bankrupt every year. The reasons for bankruptcy can be many - but often it happens out of the blue for customers, partners and suppliers, who are often left with a bad experience and unpaid bills. The many causes make it challenging to spot bankruptcies [...]
More companies will go bankrupt
Unfortunately, bankruptcies are far from rare in Denmark - and according to Statistics Denmark, over 5,614 companies were affected in 2020. The number sounds high, but it's actually 22% lower than the average for the period 2016-2019, and 34% lower than the previous year. Many point to the government's bailout packages as the life jacket that has prevented several companies from [...]