Starting with yes it's BS not many more companies went bankrupt then in years previous I have to ask this question being an American and can't find the answer about the EU. Are your bankruptcies there same as our bankruptcies here?

Here, a company can go bankrupt but just for debt re-organizational purposes. It still continues to exist, and operate, but all the money it owes people has been reorganized and or wiped out. Or the debtors take over the business and operate it, or instead of shutting down of the banks that were owed money to take it over and try to sell it.

Here, you could do the above or just go bankrupt and go out of business.

Is it the same there?

Does not really matter, but what I thought would be a quick search took me down a rabbit hole with no bottom and no answers.

Grumble about accountants and lawyers.....

-Dave