Investments for a Bankruptcy as the Optimization of the Financial Architecture
The financial crisis tested insolvency frameworks around the world. In Western Europe corporate insolvency filings rose of 22% between 2008 and 2009, with the biggest increases in Ireland (81%) and Spain (77%).Western Europe is still far from returning to its precrisis numbers. At the end of 2011 corporate insolvency filings were still 17% higher than in 2008. Between 2008 and 2012 Spain recorded one of the biggest increases − 182%. In 2012 alone the number of corporate insolvency filings in Spain shot up from 5,666 to 7,780. The increase in corporate insolvency filings in Ireland between 2008 and 2012 was nearly as staggering − 118%. However, Ireland has sho wn some improvement with only negligible increases between 2011 and 2012.
