The number of bankruptcies is now at its highest level in ten years, according to credit reporting agency UC, reports Today's industry.

In July, the number of bankruptcies increased by 57 percent compared to the same month last year, according to the credit reporting company Syna, the newspaper reports. This corresponds to 550 limited companies.

In a press release, Syna writes that there is "very little" that suggests the current situation will improve.

”"Historically, the number of bankruptcies tends to increase during the fall and there is currently nothing that points in the opposite direction," writes Karl Stjerna, CEO of Syna.

Source: Aftonladet.se