CRIF: 646 People in Slovakia Went Bankrupt in May

Bratislava, 14 June (TASR) - A total of 646 Slovaks went bankrupt in May, down by 26.5 percent from the 879 seen in April, according to an analysis published by CRIF – the Slovak Credit Bureau, which manages the credit registries of banking and non-banking houses. The number of personal bankruptcies also decreased year-on-year (y-o-y) - by 31 percent from the 937 posted last May, stated CRIF. Of the total number of bankruptcies declared in May, 575 (89 percent) were declared for the assets of private individuals and 71 for the assets of entrepreneurs. The majority of debtors (638) opted for bankruptcy, while the rest (8) opted for instalment calendars. According to the company, 453 men went bankrupt in May, while the number of women filing for bankruptcy was only 193. Only three women and nine men who went bankrupt had a university education. The highest number of debtors (204) were of productive age, with the highest number among them aged between 30-39 for both genders, making up over 31 percent of all bankruptcies in May. CRIF noted that when it came to people in their twenties, those from eastern Slovakia were the most likely to go bankrupt in May. "Our analysis shows that the highest number of young men declared personal bankruptcies in Presov region (22), followed by Kosice region (13). Conversely, no one in their twenties went bankrupt in Bratislava region. One of the reasons for the regional differences is lower financial literacy among young people in eastern Slovakia," stated company's chief analyst Jana Markova. Homeless people accounted for 13.2 percent of the total number of those falling into bankruptcy in May, with their number reaching 84. Nine married couples and 16 people with family ties went bankrupt in May as well. ko/df/am