Press First half of 2020: fewer business insolvencies reported than a year earlier as obligation to file for insolvency has been suspended

Press release No. 348 of 10 September 2020

• Reported business insolvencies down 6.2% on the 1^st half of 2019
• Provisional data for August 2020: number of normal insolvency proceedings opened down 38.9% on August 2019
  

WIESBADEN – German local courts reported 9,006 business insolvencies in the first half of 2020. The Federal Statistical Office (Destatis) reports that this was a decline of 6.2% compared with the first half of 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.