Press release No. 454 of 13 November 2020
WIESBADEN – In August 2020 German local courts reported 1,051 business insolvencies. The Federal Statistical Office (Destatis) reports that this was a decline of 35.4% on August 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. One reason is that the obligation to file for insolvency was suspended from 1 March to 30 September 2020.
Basic data and long time series are available in tables Insolvencies (52411) in the GENESIS-Online database.
