6.7% more business insolvencies in the first quarter of 2010
WIESBADEN – As reported by the Federal Statistical Office (Destatis), in the first quarter of 2010, German insolvency courts reported 42,699 insolvencies; 8,230 of them referred to enterprises and 27,236 to consumers. The total number of insolvencies increased 9.5% compared with the first quarter of 2009, enterprise insolvencies increased 6.7% and insolvencies of consumers increased 13.0%. In March 2010, 16,192 insolvencies (+13.9%) were registered, 3,125 of which were enterprise insolvencies (+8.7%). Altogether the courts registered 10,339 consumer insolvencies, which were 18.1% more than in March 2009.
