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The bankruptcy wall has not yet been lifted

2021-07-01T21:12:02.269Z


The dreaded wave of corporate failures is not happening. But several clues suggest that, despite appearances, it is indeed looming.


More than a year we have announced the storm and we still do not see it coming on the horizon.

It is even rather the lull that is looming ... Since the start of the pandemic, the number of bankruptcies has collapsed in France, due to the translation of the presidential "whatever it costs" which has enabled companies to pass this bad course.

Last year, the number of failures fell by 40% to just over 30,000.

Never seen!

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And the start of 2021 starts under the same auspices: the bankruptcy wall, which was now announced after the rebound in the economy and the start of the disconnection of public aid, has still not happened.

At the end of May, the number of insolvencies identified by the Banque de France was down 29.7% over one year, a result which

“can be observed in all sectors and for most categories of business”

.

A "catch-up effect"

Some even see these indicators as confirmation that the worst will not happen.

“There will be no bankruptcy wall, in September or

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Source: lefigaro

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