Press release No. 522 of 18 December 2020
WIESBADEN – German local courts reported 12,491 business insolvencies from January to September 2020. According to the Federal Statistical Office (Destatis) this was a decline of 13.1% compared with the same period of 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 on insolvent businesses to file for insolvency was suspended from 1 March to 30 September 2020. For overindebted businesses, however, that obligation continues to be suspended. Altogether, the number of insolvencies filed from March to September was 15.8% lower than in the same period of 2019.
Basic data and long time series are available in tables Insolvencies (52411) in the GENESIS-Online database.
