Press release No. 257 of 12 July 2018
WIESBADEN – In April 2018, German local courts reported 1,729 business insolvencies. The Federal Statistical Office (Destatis) reports that this was a 9.9% increase compared with April 2017. The expected reason for this relatively strong increase in the number of registered business insolvencies is that Easter was early this year so that, compared with 2017, courts had more working days in April 2018 and could process more requests for opening insolvency proceedings.
The local courts reported that, in relation to the business insolvency requests, the prospective debts owed to creditors amounted to approximately 1.8 billion euros in April 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.
