Finland may have avoided dreaded bankruptcy wave, suggest statistics

STATISTICS on bankruptcy filings made in the first half of the year suggest that the dreaded coronavirus-induced wave of bankruptcies may have been avoided in Finland.

Statistics Finland on Wednesday reported that the number of bankruptcy proceedings initiated decreased by 4.2 per cent year-on-year to 1,298 between January and June. The bankruptcies also led to fewer job losses, with the number of person-years lost falling by 963 from the previous year to 6,583.