Press release No. 300 of 10 August 2020
WIESBADEN – In May 2020 German local courts reported 1,504 business insolvencies. The Federal Statistical Office (Destatis) reports that this was a decline of 9.9% compared with May 2019. Actually, the economic problems of many businesses owing to the coronavirus crisis have not been reflected yet by an increase in reported business insolvencies. A reason is that the obligation to file for insolvency has been suspended since 1 March 2020.
Basic data and long time series are available in tables Insolvencies (52411) in the GENESIS-Online database.
