MADRID (Reuters) – The number of debtors in 2014 dropped 29.2 percent from the previous year to 7,038, posting its first decline since 2010, in a further sign of the beginning of the recovery of the economy Spanish, which started last year after years of hard crisis.
The competitions multiplied in any case almost seven the number reported in 2007-before the bursting of the housing bubble in the country- year declared that 1,147 of the old defaults.
Of the debtor bankrupt last year, only 646 individuals representing no business, while 6,392 were for companies.
Almost one in four companies competed in 2014 had 20 or more years old, while 12 percent had four or fewer years, according to data released Friday by the National Statistics Institute (INE) .
The 23 percent of the companies affected by competition last year was principally engaged in construction, while trade accounted for nearly 20 percent.
By type of competition, the vast majority, 6,581, were volunteers, while 457 were declared necessary. Considering the type of procedure, ordinary decreased by 46.6 percent, while the abbreviated grew by 23.7 percent.
The downward trend in bankruptcies remained at the start of 2015, according to data released Wednesday by the rating agency Spanish Axesor, who said last month formal insolvency proceedings fell 31 percent year on year, marking the best start to year since 2011.
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