Press release No. 481 of 11 December 2018
WIESBADEN – German local courts reported 14,715 business insolvencies from January to September 2018. The Federal Statistical Office (Destatis) reports that this was a 3.0% decline compared with the same period a year earlier. The number of consumer insolvencies amounted to 51,201 between January and September 2018. This was a decrease of 5.1% from the first nine months of 2017. Including insolvencies of other private debtors and deceased persons' estates, total insolvency cases amounted to 83,195, which was a 4.3% decline compared with January to September 2017.
The local courts reported that, in relation to business insolvency requests, the prospective debts owed to creditors amounted to roughly 17.6 billion euros for the period January to September 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.
