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Bankruptcies and business restructuring proceedings 2022, March

Altogether 247 bankruptcies were instigated in March 2022

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According to Statistics Finland, 247 bankruptcy proceedings were instigated in March 2022, which is 40 fewer than in the corresponding period one year earlier. The number of staff-years in enterprises that filed for bankruptcy was 857, which is 570 staff-years fewer than in the previous year, which indicates that enterprises that filed for bankruptcy had employed less than in the previous year.

Key selections

  • In March 2022, a total of 247 bankruptcy proceedings were instigated.
  • In March 2022, the number of staff-years in enterprises that filed for bankruptcy totalled 857.
  • In March 2022, most bankruptcy proceedings were instigated in the industry of other services. A total of 89 bankruptcy proceedings were instigated in the industry.
  • In March 2022, the number of instigated bankruptcy proceedings was lowest in the industry of agriculture, forestry and fishery. Altogether four bankruptcy proceedings were instigated in the industry.
  • In order to prevent a wave of bankruptcies caused by the coronavirus pandemic, filing for bankruptcy was limited by temporary legislative amendments from 1 May 2020 to 30 September 2021.

Instigated bankruptcy cases refer to enterprises, corporations or natural persons which have filed for bankruptcy during a calendar year. The instigation of bankruptcy proceedings does not always mean an enterprise or own-account worker “goes under” in the actual sense. Bankruptcy as a trial is a complicated legal process involving several stages, in which proceedings may be interrupted at different stages.

Filing for bankruptcy was limited by fixed-term amendments to the legislation between 1 May 2020 and 31 January 2022. The legislative amendments have limited the possibility of a creditor to file a bankruptcy petition against a debtor. In the data of the statistics on bankruptcies, it is impossible to separate the possible impact of the legislative amendment on the number of bankruptcies from other possible factors, such as independent actions of the Tax Administration or other creditors.

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Future releases

Referencing instructions

Official Statistics of Finland (OSF): Bankruptcies and business restructuring proceedings [online publication].
Reference period: 2022, March. ISSN=2954-0607. Helsinki: Statistics Finland [Referenced: 13.5.2026].
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Related topics

Enterprises

Contact information

Service email
rakenne.tilastot@stat.fi

Inquiries primarily

Mira Kuussaari
Senior Statistician
029 551 3538

Other experts

Tommi Veistämö
Senior Statistician
029 551 3546

Head of Department in charge

Katri Kaaja
Head of Department in charge
029 551 3488