Germany Corporate insolvencies have fallen by 6.2 percent

Corporate insolvencies in Germany dropped in 2016. The number of bankruptcies decreased by 6.2 percent to 21,789 cases (2015: 23,222 company insolvencies). “By the seventh consecutive decline, company insolvencies fell last year to their lowest level since 1999,” said Bürgel Managing Director Klaus-Jürgen Baum regarding the current figures. In the crisis of 2009, 33,762 and therefore about 50 percent more companies had to file for insolvency in Germany.

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