Slowly more bankruptcies in Germany

Released on 12.10. 2021

  • In order to avert a wave of bankruptcies in the Corona crisis, the state had the obligation to file for bankruptcy in the event of over-indebtedness or Insolvency temporarily suspended. Photo: Martin Gerten

Already heard?

You can now also have your messages read out to you. To do this, simply click on the play symbol in any article or add the article to your personal playlist using the plus symbol and listen to it later.

Listen to the article:

State Corona aid has long prevented company bankruptcies. Now the bankruptcies are slowly increasing again. A feared wave of bankruptcies recently failed to materialize.

Wiesbaden (dpa) – After the expiry of the special corona regulations for over-indebted companies, a slow rise in company bankruptcies is emerging in Germany.

The number of applications is in September The Federal Statistical Office reported on the basis of preliminary reports on Tuesday in Wiesbaden.

Compared to the same month last year, there is an increase of 25 percent. However, in September 2020 there was a sharp drop at 31 percent compared to September unaffected by Corona 2019.

The feared wave of company bankruptcies did not materialize in July either, for which the office presented final figures. With 1200 applications to the local courts, the number was 12, 3 percent below July 2020 and also 27, 0 percent below the same month of the year 2019. However, there was more money in the fire. The claims of the creditors amounted to 4.6 billion euros after 3.9 billion a year earlier.

In order to avert a wave of bankruptcies in the Corona crisis, the state had the obligation to Insolvency application temporarily suspended in the event of over-indebtedness or insolvency. Since May 1st, the obligation to file for insolvency has been fully applicable again. There are exceptions for companies that have suffered damage from heavy rain or flooding in the summer.

A change in the law has caused the number of consumer bankruptcies to rise sharply. With 7164 cases in July of this year 78 Percent more registered than a year earlier. In the meantime, consumers have the chance to free themselves from their remaining debts more quickly, which, according to statisticians, has led to the increase.

Related Articles

Back to top button