June 30, 2016
June 30, 2016
The main driver for the renewed decline in corporate insolvencies is the good economic environment. Financial information agency Bürgel expects the numbers to continue dropping through the year. Despite declining numbers of corporate insolvencies, the forecast for creditor claims in the 1st quarter of 2016 climbed to €4.9 bn, up from €4.2 bn in 1st quarter 2015, representing a 16.7% increase in projected losses over the previous year. The lowest ratio of insolvency filings in the first quarter of 2016 took place in Baden-Wuerttemberg (9 per 10,000 companies).
The most difficult situation is in Bremen with 34 insolvencies per 10,000 companies. In Saxony, the number of insolvencies rose by 16.9%, the largest increase nationwide.
