Bankruptcy of companies increased by 11% in May

According to the Superintendence of Insolvency and Re-entrepreneurship, bankruptcy filings (liquidations) increased by 11% in May compared to April, totalling 140 bankruptcy proceedings. This brings it close to the February and March records of 149 and 155, respectively. However, it decreased by 20% compared to the same month in 2019. So far this year, the figure reaches 704, which represents a 3.4% increase in relation to the same period last year.

Source: La Tercera