Spanish bankruptcies hit record in first quarter of 2013

... of bankruptcies since Spain's insolvency law changed in 2004, Axesor said. Almost 28,000 companies have filed for bankruptcy since Spain's economic crisis set in five years ago, Axesor estimates. Banks have tightened lending after a property boom ...

http://money.msn.com/business-news/article.aspx?feed=OBR&date=20130408&id=16327674