Press Study

Bankruptcies in June at previous year's level

07 Jul 2020

In the first half of 2020, the number of corporate insolvencies fell by 19 percent compared with the same period of the previous year. A total of 1,940 bankruptcy proceedings were opened. In June the number of bankruptcies rose by 16 percent compared with the previous month of May. There was a slight decline in the number of new registrations. A total of 21,949 companies were newly entered in the commercial register, a decrease of three percent. June was, however, a very strong month for start-ups, with new registrations rising by a full 24 percent to 4,486 new companies.

Read the study:

Bankruptcies & formations as of June 2020 (in German)

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