Press release No. 424 of 10 September 2021
• Number of requests for normal insolvency proceedings in August 2021 down 19% on the previous month, according to provisional figures
• Consumer insolvencies increased by over 50% in the first half of 2021 year on year
WIESBADEN – In the first half of 2021, there was no wave of business insolvencies due to the coronavirus crisis Instead, the number of reported business insolvencies continued to decline. German local courts reported 7,408 business insolvency requests in the first half of 2021. The Federal Statistical Office (Deststis) reports that this was a decline of 17.7% on the first half of 2020 and of 22.9% on the first half of 2019, which was not yet affected by the coronavirus crisis. In relation to the business insolvency requests, the prospective debts owed to creditors amounted to 31.8 billion euros in the first half of 2021; they were almost twice as high as in the first half of 2020 (16.7 billion euros). This increase was attributable to the fact that more economically important businesses filed business insolvency requests in the first half of 2021 compared with the same period a year earlier.
Basic data and long time series are available in tables Insolvencies (52411) in the GENESIS-Online database.
