More than 10,000 bankruptcies in 2011 (Information Update), European Foundation for the Improvement of Living and Working Conditions:http://www.eurofound.europa.eu/eiro/2012/01/articles/be1201011i.htm
(2012)
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Morethan10000bankruptciesin2011.doc
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- Abstract
- A record number of bankruptcies were registered in Belgium in 2011 and more than 10,000 businesses closed down. Almost twice as many businesses went bankrupt in the Flemish-speaking region of Flanders than in the French-speaking Wallonia region, and the commerce and services sector was the hardest hit. There was a growing tendency in the business community to delay payments to other businesses as long as possible, pushing traders operating on low profit margins into insolvency
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Citations
Ajzen, M. (2012). More than 10,000 bankruptcies in 2011 (Information Update), European Foundation for the Improvement of Living and Working Conditions:http://www.eurofound.europa.eu/eiro/2012/01/articles/be1201011i.htm. https://hdl.handle.net/2078.5/163213