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Home Europa Press

Bankruptcy proceedings in the Canary Islands grew by 151% in the first quarter, according to the CGPJ

June 7, 2023
in Europa Press
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Bankruptcy proceedings in the Canary Islands grew by 151% in the first quarter, according to the CGPJ
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(This news replaces the previous one due to an error by the reporting source. Sorry for the inconvenience)

SANTA CRUZ DE TENERIFE, June 7 (EUROPA PRESS) –

The judicial bodies of the Canary Islands registered during the first quarter of 2023 a total of 544 bankruptcy claims, 151.8% more than in the same period of 2022, when 216 were recorded, according to data released today Wednesday by the Council General of the Judiciary (CGPJ).

The report ‘Effects of the economic crisis on judicial bodies’ reveals that the growth of old bankruptcies in Spain was 272.6%. This means that in the Canary Islands they increased by 616.5% more than the State average. Between January and March 2022, the number of contests presented in the Islands had been 55.

With the data handled by the Council, it can be stated that, during the study period, the Canary Islands was the community with the second highest percentage increase in bankruptcy requests. The first was Murcia, with 1,058.1%, and the third, Extremadura, with 556%.

The data suggests that, between January and March of this year, the Canary Islands was the second community in volume of contests per 100,000 inhabitants: 24.6, a figure only surpassed by Catalonia (29.6). The third was the community of Murcia (23.1).

The segment where the economic crisis caused the most damage last winter in the Islands was that of “non-entrepreneurial natural persons”. If between January and March 2022 in this area there had been 81 bankruptcy filings, in the same period this year the figure rose to 493, 608%. This implies a rate of 22.3 bankruptcies of this nature per 100,000 inhabitants, the highest in Spain, ahead of Murcia (19.7) and Catalonia (19.1).

layoffs

Regarding dismissal procedures, the Canary Islands Social Courts filed a total of 2,532 in the first quarter of 2023, 21.8% more than in the same period of 2022 (2,078). This data implies that, as was the case in the analysis for the entire year 2022, the rate of dismissal claims per 100,000 inhabitants in the Islands was 114.4, the highest in the country, above Murcia (88.0 ) and from Madrid (83.8).

The only data that shows relatively positive balances for the Islands gravitates around foreclosures, which in general data fell by 74.5%, going from 149 in the first quarter of 2022 to 38 last winter.

Regarding launches derived from these executions, between January and March of this year there were 366, 45.9% less than in the same period of 2022.

According to the statistical report, in 2022 there were 38 launches in the Archipelago derived from breaches of the mortgage law, 74.5% less than in the first quarter of 2022 (149) and 308 due to non-payment of rents, 37.1% less than in the previous year (490).



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