According to the information provided by the Portuguese Ministry of Justice, the number of bankruptcies filed in Portugal during 2012 (from January 1 till December 26) reached a record breaking total of 18,627. This represents a 62% increase from 2011 (11.515 bankruptcies), which is partly explained by a trend shift : although companies are still largely responsible for the high figures, there are more individuals being declared bankrupt since 2010.
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