Record Number of Bankruptcies Expected in The Netherlands

Netherland BankruptciesA record number of bankruptcies are expected this year in the Netherlands. In the past half year, almost as many businesses went bankrupt as in the same period in 2009 – the worst year so far.

This was reported by the TV station NOS. Marcel Theunis, a specialist in the field, said that initially mainly small businesses and start-ups went bankrupt.

Nowadays, many more businesses which have been around for a number of years are collapsing.

Source (in Dutch)

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