Press release No. 162 of 17 May 2017
WIESBADEN – In insolvency proceedings in Germany (without Bremen) that were opened in 2011 and completed by the end of 2015, creditors received an average 2.2% of the debts owed to them. The Federal Statistical Office (Destatis) also reports that this coverage ratio was determined as the ratio between the amount available for distribution (213 million euros) and the prorated claims of creditors (9.7 billion euros). The losses of creditors amounted to 9.5 billion euros.