Stick the topic!!. I'm fed up with Erdoğan promoters .
2 million tradesmen, 446 thousand companies went bankrupt! The great wave of bankruptcy is coming
While the number of execution and bankruptcy files in the enforcement offices exceeded 22 million 127 thousand, 99 thousand in the last 1 year, and approximately 2 million tradesmen in 16 years have closed their shutters. The number of companies closed down approached half a million. A serious bankruptcy wave is expected in 2021 due to bad loans.
While thousands of companies lock the door, those who try to survive with debt face the risk of failing to repay the loans they receive.
While the amount of bad loans exceeded 150 billion TL, according to UYAP data, the number of enforcement and bankruptcy files in enforcement offices has increased to 22 million 127 thousand as of today. While many businesses are closed in the pandemic, the daily number of files coming to the enforcement offices is around 17 thousand.
In particular, serious difficulties are expected in the repayment of the loan expansion, which was cheaper after June 2020 and exceeding 1 trillion lira per year. Experts point out that as the tolerance provided in repayments due to the pandemic comes to an end, banks will squeeze debtor companies in the new year, and many bankruptcies and change hands may come to the agenda. The broad-defined number of unemployed and job loss, revised with the impact of Covid-19, approached 10 million in October 2020. The number of unemployed is expected to increase exponentially this year.
Turkey Union of Chambers and Commodity Exchanges (TOBB), according to data from January to November 2020 increased by 11 percent compared to the same period the number of company closures in 2019, 12 thousand 206 output. The number of real person commercial enterprises that were closed also jumped to 19 thousand 665 with an increase of 14.39 percent.
According to TOBB data, the number of companies that have been closed since 2009 has been 153 thousand 241, while the number of real person commercial enterprises that raised the flag of bankruptcy rose to 292 thousand 711 in the same period. The sum of the two is approaching half a million.
Do you wonder if it is fake news? Do you need source?