Bankruptcies and financial difficulties caused by COVID-19 – how to ensure your company’s cash flow
When the COVID-19 pandemic hit the world, economists anticipated great difficulties for companies in all sectors. Economists in credit insurance companies even predicted that there would be a worldwide bankruptcy wave, which would topple companies in every country. In the worst case, insolvencies were predicted to increase worldwide by even more than 30 per cent. Fortunately, this bankruptcy wave never materialised.