US EditionMore and More German Companies Declare Insolvency
9 Articles
9 Articles
The Brüder Schlau group of companies undergoes insolvency proceedings in self-administration. The group includes 180 specialist markets in Germany, including one in Neunkirchen.
At present, as many companies are not going bankrupt as in many years. While some experts justify the high number with the weakening economy and location problems, others see a catch-up effect.
Wave of insolvencies of German companies continues
In June, 2.4% more regular insolvencies were filed at Germany's district courts than a year earlier, the Federal Statistical Office, or Destatis, reported on Friday based on preliminary data, said dpa. The figure indicates that the number of company insolvencies in Germany continues to rise despite the first year-on-year decline in insolvency numbers in May since March 2023. It remains uncertain whether all cases will actually be processed by th…
In June, the number of corporate bankruptcies continued to rise compared to the previous year. According to estimates, there were almost 10 percent more insolvencies in Germany in the first half of the year than in the previous year.
The increase in bankruptcies came after the withdrawal of state support from the pandemic
Coverage Details
Bias Distribution
- 67% of the sources are Center
To view factuality data please Upgrade to Premium
