Press release No. 061 of 11 February 2021
WIESBADEN – German local courts reported 1,046 business insolvencies in November 2020. The Federal Statistical Office (Destatis) reports that this was a decline of 26.0% compared with November 2019. The economic problems of many businesses due to the coronavirus crisis have still not been reflected by an increase in reported business insolvencies. One reason is that the obligation to file for insolvency was suspended until 31 December 2020 for overindebted businesses. Insolvent businesses have been obliged to file for insolvency since October 2020 but the effects still have to show in the statistics as courts need time to handle the requests. The obligation to file for insolvency continues to be suspended for businesses still awaiting payment of government financial support provided for since 1 November 2020.
Basic data and long time series are available in tables Insolvencies (52411) in the GENESIS-Online database.
