Source: Destatis Statistisches Bundesamt – In English
Lowest level since the enactment of the Insolvency Statute in 1999
WIESBADEN – In 2018 German local courts reported 19,302 business insolvencies. The Federal Statistical Office (Destatis) reports that this was a decline of 3.9% compared with 2017. The number of business insolvencies fell to the lowest level since the enactment of the Insolvency Statute in 1999. An increase in the number of business insolvencies was last recorded in the crisis year 2009 (+11.6% compared with 2008).
The local courts reported that, in relation to the business insolvency requests, the prospective debts owed to creditors amounted to roughly 21.0 billion euros in 2018.
Basic data and long time series are available in tables Insolvency proceedings (enterprises) (52411-0004) and Insolvency proceedings (other debtors) (52411-0009) in the GENESIS-Online database.
For further information:Insolvencies,tel: 49 (0) 611 / 75 28 11,contact form
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