Press release No. 274 of 10 August 2016
WIESBADEN – German local courts reported 1,741 business insolvencies in May 2016, which was a decline of 1.1% compared with May 2015. The Federal Statistical Office (Destatis) reports this on the basis of provisional results.
The local courts reported that, in relation to the business insolvency requests, the prospective debts owed to creditors amounted to approximately 2.1 billion euros in May 2016.
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.