Sao Paulo - The number of bankruptcy filings rose 12.9% in March compared to February, said on Thursday (12) to Boa Vista Services, Administrator of the Central Credit Protection (SCPC). Cumulatively, through the first three months of the year compared to the same period last year, the increase was 5%. Already compared to March of last year, growth was negative 2.1%. The number of bankruptcies decreed, in turn, fell 9% in March compared to February. Year, bankruptcies decreed were up 13.5% over the same period of 2012. Compared to March 2013, we recorded a decrease of 6.2%.
In the analysis of Boa Vista Services, the first quarter of 2013 still showed growth in almost all indicators of company insolvency, but the pace of expansion is decreasing.
"The expected economic recovery and the expected decrease in the delinquency of businesses and consumers should promote the improvement of the financial situation of companies throughout the year," economists assess the institution, in a press release.
Requests for bankruptcy fell 42.9% in March compared to February and 23.8% compared to the same month of 2012. In the first quarter compared with the same period last year, the decrease is 1.6%.
Already the deferrals of bankruptcy fell by 43% compared to February and 3.6% over March 2012. For the year, however, growth was 46.7% in the number of recoveries court decreed.
The sector that contributed to the rise in bankruptcy filings during the first quarter of the year was the industry with 38% of cases. Soon after comes the services sector, which accounted for 37% of orders in the period.
The trade sector accounted for 25%. Most bankruptcy filings (88%) in the first quarter came from micro and small enterprises. Firms of this size accounted for 92% of bankruptcies enacted.