Global Insolvencies Hit a Fifth Consecutive Record

<p>Global insolvencies have now risen for five consecutive years, reaching levels 24% above pre-pandemic benchmarks. The Allianz Trade 2026 Global Insolvency Report confirms what many credit professionals have felt in their receivables data: the wave is not receding.</p><p>The numbers are uncomfortably specific. In the first three quarters of 2025, 327 major insolvencies were recorded — firms with turnover exceeding €50 million, filing at a rate of one every 20 hours. The United States projects an 8% increase in 2026. China projects 10%. France reached 67,500 cases in 2025, a historical peak, before a modest projected decline. Across the global economy, 2.1 million jobs sit in the path of this trend.</p><p>The structural drivers are well understood: elevated borrowing costs, trade fragmentation driven by tariff unpredictability, and the long tail of pandemic-era support measures that kept structurally weak businesses alive through 2022. What is less discussed is what this means for trade creditors — the businesses left holding receivables when a counterparty enters insolvency proceedings.</p><p>Cross-border recovery in this environment requires speed and jurisdictional precision. Filing deadlines differ by country, creditor priority rules vary, and the window for protecting your claim is often narrower than finance teams expect. A 25-basis-point rate increase, according to Allianz Trade, could push insolvencies up another 4–5% globally. The margin for error in credit policy has rarely been thinner.</p><p>At Collecty, we recover commercial debt across 190 jurisdictions. If your receivables have international exposure, the time to review your collection capabilities is before you need them — not after.</p>