Business News

Number of Receiverships in 2011 Up by a Third Y/Y

Ljubljana, 06 January (STA) - A total of 675 receivership proceedings were launched in Slovenia in 2011, which is almost a third more than in the year before. The number of court-mandated debt restructuring and liquidation proceedings rose by 17% to 42, according to the Agency for Public Legal Records and Related Services (AJPES).

Of the 675 receiverships, 577 were initiated over companies and cooperatives, and 93 were over sole proprietors, AJPES said in a press release on Friday.

The highest number of receivership proceedings started in March and June (68 and 67, respectively), while there were only 37 in December. In 2010, the months with the most receiverships were March, October and December.

In 2011, 398 business entities were deleted from the business register due to receivership, most of which were companies and cooperatives. In the year before, 291 businesses were removed from the register.

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