2023-10-13 15:17:09
According to the Federal Statistical Office, the number of regular insolvencies filed in September was 19.5 percent higher than in the same month last year. How can this increase be explained?
Wiesbaden.
The trend in company bankruptcies in Germany continues to point upwards. The number of regular insolvencies applied for in September was 19.5 percent higher than in the same month last year, as the Federal Statistical Office in Wiesbaden announced. In August the increase within a year was 13.8 percent.
The procedures are only included in the statistics after the insolvency court’s first decision, as the Wiesbaden statisticians explained. In many cases, the actual date of the insolvency application was almost three months earlier.
The Federal Office now has final figures for July. Accordingly, the district courts reported 1,586 filed corporate bankruptcies. That was 37.4 percent more than a year before. The courts estimated the creditors’ claims at around 3.1 billion euros. In July 2022 it was around 0.8 billion euros.
In recent years, government aid and partially suspended obligations to file for insolvency have kept the number of company bankruptcies in Germany at a low level despite the Corona and energy crises. Experts therefore expected an increase in the current year. (dpa)
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