Business: bankruptcies rise strongly at the beginning of the year

Business: bankruptcies rise strongly at the beginning of the year

Economy

Investments are increasing strongly at the beginning of the year






More and more companies are registering bankruptcy in the economic flaut. The number also increases significantly in January. The situation is different with consumer slides.

In the economic crisis, the number of company bankruptcies in Germany is again increasing. For January, the Federal Statistical Office recorded 14.1 percent more registered insolvency proceedings than in the same period last year.

The procedures only flow into the statistics after the first decision of the insolvency court, as the authority emphasizes. The actual time of the bankruptcy application is often approximately three months before.

Almost a fifth in November

In November, for the final data, the numbers rapidly: According to this, the local courts reported 1,787 company insolvencies – a good 18 percent more than a year earlier. The claims of the creditors were around 2.8 billion euros, after around 1.5 billion euros in the previous year.

Based on 10,000 companies, there were 5.2 company insolvencies in November, most of them in the traffic and storage, construction and hospitality industry. The number of consumer bankruptcies, unlike those of corporate insolvencies, rose only slightly: by 2.8 percent to 5,971.

In 2025, the insolvement wave is likely to swell

According to the Creditreform Economic Occupation, there were around 22,400 corporate bankruptcies in Germany in 2024, the highest value since 2015. This year, the figures could therefore achieve the highest level of the crisis year 2009 in the global financial crisis with more than 32,000 cases.

The list of problems for companies is long: expensive energy, lots of bureaucracy, political uncertainty, consumption retention among consumers. In addition, exception rules have expired with which the state had tried to prevent a bankruptcy wave in corona pandemic.

Federal Statistical Office: Time series Insolvency

dpa

Source: Stern

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