Number of bankruptcies increases in 2008 and trend is due to continue in 2009. - Euler Hermes, a world leader in credit and insurance, has forecast a 33% increase in business bankruptcies for 2009. In 2008, half of all bankruptcies in the world were caused by financial restrictions, whereas in 2009, the collapse in economic growth is seen as the main factor. The current global recession increased in the first months of 2009 and is continuing in the majority of countries and sectors. This is...