Press release No. 205 of 12 June 2018
WIESBADEN – German local courts reported 5,020 business insolvencies in the first quarter of 2018. The Federal Statistical Office (Destatis) reports that this was a decline of 3.0% compared with the first quarter of 2017. Thus the trend of declining business insolvencies continued in the first quarter of 2018. An increase in the number of business insolvencies was last recorded in the first quarter of 2010 (+6.7% on the first quarter of 2009). Since that time the number of business insolvencies has always been lower than in the corresponding quarters of the preceding year.
The local courts reported that, in relation to the business insolvency requests, the prospective debts owed to creditors amounted to roughly 7.8 billion euros in the first quarter of 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.
