Press release No. 113 of 28 March 2018
WIESBADEN – In insolvency proceedings in Germany that were opened in 2012 and completed by the end of 2016, creditors received an average 2.6% 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 (320 million euros) and the prorated claims of creditors (12.4 billion euros). The losses of creditors amounted to 12.1 billion euros.
