Worst half-year since 2013: No respite: Insolvency wave at a multi-year high record
More than 12,800 company insolvencies were registered by local courts in the first half of the year. Experts say that the negative trend will not change anytime soon.
Germany has seen a significant rise in company insolvencies, with 12,812 cases registered in the first half of the year, the highest since 2013. This represents a 6.7% increase from the same period last year. In June, 2,266 insolvency applications were filed, a 15.8% increase from the previous year, and the highest monthly value since 2014. The number of consumer insolvencies also rose, by 5.1% to 6,839 cases.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
