The year 2021 closes with 5,500 bankruptcies despite the Government's measures

The impact of the pandemic on the productive fabric has meant that in 2021 a total of

have been doomed to

, despite the fact that the Government approved the granting of aid for companies affected by the pandemic and has kept everything suspended the year the obligation for the companies to present a bankruptcy when reaching a situation of

and not being able to face the debts.

This means that, despite the fact that companies do not have this duty to declare bankruptcy and can continue operating despite their inability to pay debts, many of them have chosen this route due to the situation they suffered.

In fact,

compared to 2020, according to data published this Friday by the business information services firm

.

Of these companies in bankruptcy - whose financial situation has been frozen - many will end up in

and liquidation, while others will get

and move on.

The bankruptcy moratorium not only means that companies are exonerated from the obligation to present bankruptcies, but that

-which are uncollected-

to be able to collect their debts, which leaves them in a certain way helpless position.

By autonomous communities,

has been the leading autonomy in competitions, with

, 38.4% more than in 2020 (1,162 in Barcelona, ​​89 in Gerona, 32 in Lleida and 90 in Tarragona);

closely followed by the

, with

, 38.1% more.

In relative terms, there have been other regions with higher percentage increases in the year such as the Comunidad Foral de Navarra (+ 73.7%), Castilla-La Mancha (+ 50.5%) or Castilla y León (45.2%).

Regarding the sectors of activity, companies in the

-both wholesale and retail- and vehicle repair were those that had the greatest difficulties, with a total of

that declared bankruptcy.

It is followed by

, with 837 tenders, and the

, with 801. This last sector was the one that suffered the greatest increase in the number of tenders compared to 2020, of

, as well as that of water supply, activities sanitation, waste management and decontamination, where tenders grew 77.7%.

Risks of the moratorium: judicial collapse and zombie companies

The

which has not been applied in other European countries, will remain in force until June

with the aim that "viable companies under normal market conditions have legal instruments that allow them to maintain their activity and employment and have an additional margin to restore their equity balance ", as explained by the Executive when extending Law 16/2020.

This extension, however, poses

that have been widely criticized by insolvency administrators and institutions such as the

Some examples are the possibility that there will be a

the day the moratorium is lifted, or that companies are not taking sufficient measures to guarantee their survival and therefore the number of

in the country increases.

"The bankruptcy moratorium, if prolonged in time, can contribute to a

, which, in the absence of certain financial support measures (bank refinancing or new credit from their contractual counterparts), would disappear in a short time

In the economic literature, these companies are often referred to as

, "said the supervisor upon learning of the extension of this measure.

According to the criteria of The Trust Project

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