Press release No. 221 of 11 May 2021
WIESBADEN – German local courts reported 1,195 business insolvency requests in February 2021. The Federal Statistical Office (Destatis) reports that this was a decline of 21.8% compared with February 2020. This means that the economic problems of many businesses due to the coronavirus crisis were not yet reflected by an increase in reported business insolvencies. The provisional figures for April 2021 also show that the sharp increase in normal insolvency proceedings opened as recorded recently did not continue.
Basic data and long time series are available in tables Insolvencies (52411) in the GENESIS-Online database.
