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German insolvencies rose in May by almost a third from a year earlier, according to data that a lobby group warns is now on track to breach a level last seen in 2017, Bloomberg News reported. Results for the month showed that local courts reported 1,934 corporate insolvencies with claims of about €3.4 billion ($3.7 billion), numbers on Friday published by Germany’s statistics office showed. The total is up 30.9% from the same period a year earlier, and preliminary data point to increases of 6.3% and 13.5% for June and July, respectively.
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This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
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This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
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This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
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This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
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This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
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This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
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