Press release No. 394 of 8 October 2020
WIESBADEN – In July 2020, German local courts reported 1,369 business insolvencies. The Federal Statistical Office (Destatis) reports that this was a decline of 16.7% compared with July 2019. Actually, the economic problems of many businesses owing to the coronavirus crisis have not been reflected yet by an increase in reported business insolvencies. One reason is that the obligation to file for insolvency has been suspended as of 1 March 2020.
Basic data and long time series are available in tables Insolvencies (52411) in the GENESIS-Online database.
