The economy in the world today is becoming increasingly similar to “economic instability”. The progressive processes of globalization, the development of capital markets and transnational companies and the complex and concentrated as a result of this network of connections (global spider web) in the economy mean that not only the economy, business, but also risk are subjected to globalization. This also includes a risk of bankruptcy. Practice shows that the faster virus spreads to the bankruptcy the stronger is the connection between business attacked with the diseases of insolvency and other, domestic and foreign partners. Globalization intensifies the power of spreading of bankruptcies. The article presents the impact of the risk of globalization on the bankruptcy risk of firms in the economy.