04.06.2024
The number of insolvencies in Germany has been rising rapidly for around a year. In the meantime, the pre-corona figures are even being exceeded by the dozen. Is a new wave of bankruptcies coming?
Initially, the significant rise in insolvency figures was interpreted as a “catch-up” after the suspension of the obligation to file for insolvency during the coronavirus pandemic. In the meantime, however, the growth in insolvencies is continuing at a rapid pace. According to the latest insolvency trend from the Leibniz Institute for Economic Research Halle (IWH), the number of insolvencies rose to another record high in April for the third month in a row. The current figure is almost half that of the previous year and still 40% above the April average for the years 2016 to 2019, i.e. before the coronavirus pandemic.
Read the full article here (only available in German language).
