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Press release 295 / 2018-08-09: Business insolvencies down 8.4% in May 2018 year on year

WIESBADEN – In May 2018, German local courts reported 1,616 business insolvencies. The Federal Statistical Office (Destatis) reports that this was a decline of 8.4% compared with May 2017.

The local courts reported that, in relation to the business insolvency requests, the prospective debts owed to creditors amounted to approximately 1.9 billion euros in May 2018.

Basic data and long time series are available in tables Insolvency proceedings (enterprises) (52411-0004) and Insolvency proceedings (other debtors) (52411-0009) in the GENESIS-Online database.

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