Poland and Polish Discussion Group and Forum

Welcome to the original English language Poland and Polish discussion group board. This message forum is a place where English-speaking Poles, foreigners (expats) living in Poland, and anyone with a genuine interest in Poland can discuss and read the views of others concerning Poland. Subjects include: Polish news and current affairs; Life in Poland; politics; genealogy research; Polish culture and history; advice and tips on visiting Poland; Polish property and investment issues. The aim of our group is to increase awareness of wonderful Poland using the English language and allow and foster the honest debate and exchange of opinions on anything vaguely related to Poland and Polish - positive, negative and/or neutral! To state the obvious: all opinions and views expressed on this site are solely those of their respective authors and are not necessarily those of anyone else! Messages consisting of ads will be deleted.

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Poland and Polish Discussion Group and Forum
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Re: Corporate bankruptcies rise in Poland by 36%

Part of the work I am involved in deals with corporate bankruptcies.

Mind you, this is nothing compared to what is happening in the US and UK commercial real estate sectors - total meltdown is in progress.

Re: Corporate bankruptcies rise in Poland by 36%

This may prove a point or two!

Polish companies fake bankruptcy

08.03.2010 07:15

Out of 700 companies declared bankrupt last year over 600 might have been fraudulent.

It is estimated that in 2010 about 1,500 companies will go bankrupt. “Most of these bankruptcies will be staged and companies, which could be rescued, will be closed down,” says Elzbieta Maczynska from the Warsaw School of Economics.

Company owners prefer to declare bankruptcy in order not to pay back debts, or in order to pay just a part of their liabilities. There were also dishonest entrepreneurs who close down companies to seize money of their clients and contractors. (mg)

Source: Dziennik Gazeta Prawna