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Continued wave bankruptcy companies in Germany

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Continued wave bankruptcy companies in Germany
Photo: agencies

German courts have received significantly more requirements of bankruptcy proceedings in September, proving preliminary data from the Federal Statistics Office today.

The number of requests was 10.4 percent in September, but in the same last year, Destatis said, noting that the calculation included only the requirements for which the bankruptcy court has already brought the first judgment. In August, their number is increased by 11.6 percent on an annual basis.

Companies usually submit approximately three months before the verdict, and courts in July, according to the final results, registered 2197 bankruptcies, by 13.4 percent more than in the same last year.

The total value of the debtor’s receivables was 3.7 billion euros, compared to 3.2 billion euros in July 2024, and are especially a difficult position, according to the data on the receivables, companies in the transport and storage sector.

Several credit agencies expect the number of bankruptcy companies in Germany in 2025. be higher than last year. In the entire 2024, the courts registered a total of 21,812 requests according to the statistical office, as much as 22.4 percent more than in 2023. year and maximum of 2015. year, Hina reports.

Analysts note that the bankruptcy wave is expected as the state has suspended support from the Coronavirus Pandemic Period. Weight companies have been in the largest energy economy, bureaucracy and political uncertainty in the largest European economy, during the two consecutive years of recession.

(Vijesti.ba)


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