Press Requests for normal business insolvency up 6.6% in August 2022 on the previous month

Press release No. 382 of 12 September 2022

• Business insolvencies, 1^st half of 2022: -4.0% on 1^st half of 2021

• Consumer insolvencies, 1^st half of 2022: -20.2% on 1^st half of 2021

WIESBADEN – Based on provisional data of the Federal Statistical Office (Destatis), the number of requests for normal business insolvency in Germany increased by 6.6% in August 2022 compared with July 2022. Their number had fallen by 4.2% in July 2022 from June 2022. It should be noted that such procedures will be included in the statistics only after the first decision has been taken by an insolvency court. The insolvency request itself was filed approximately three months earlier in many cases. Furthermore, insolvency statistics do not include all business closures as such closures may be due to other reasons or take place before businesses face acute financial difficulties.

More information:

Detailed data are provided in tables 52411 (Insolvencies) of the GENESIS-Online database.