Monthly number of bankruptcies in Denmark 2015-2020
The number of bankruptcies of Danish enterprises in 2020 showed no increase compared to previous years, so far, due to the outbreak of the coronavirus. The number of bankruptcies increased from 292 in March 2020, up to 591 bankruptcies in May 2020. The number of bankruptcies in May the previous year was higher, reaching 637.
That being said, the available data may not yet contain the full effect of the coronavirus on companies in Denmark, as not all filed and declared bankruptcies are already a part of the official statistic. However, the severe decline in many companies activities has not (yet) triggered a significant increase in the number of bankruptcy filings. The business support packages in Denmark probably play an important role in this.
That being said, the available data may not yet contain the full effect of the coronavirus on companies in Denmark, as not all filed and declared bankruptcies are already a part of the official statistic. However, the severe decline in many companies activities has not (yet) triggered a significant increase in the number of bankruptcy filings. The business support packages in Denmark probably play an important role in this.
