WIESBADEN - In the months from January to September 2016, German local courts reported 16,480 business insolvencies. According to the Federal Statistical Office (Destatis) this was a decline of 5.2% compared with the same period a year earlier. The number of consumer insolvencies amounted to 58,619 between January and September 2016, with the number of cases being down 1.9% from the first nine months of 2015. Including insolvencies of other private debtors and deceased persons estates, total insolvency cases amounted to 93,052; that was a decrease of 2.4% compared with January to September 2015.
Publisher: Federal Statistical Office of Germany Press Office Indication of source requested for distribution