Bankruptcy applications in Germany increased by 10.4% in September.

Current Data on the Increase of Insolvencies in Germany

The Federal Statistical Office of Germany (Destatis) has shared the insolvency application data for September and the final insolvency statistics for July with the public. According to the announced data, insolvency applications in Germany increased by 10.4% in September compared to the same period last year. This situation is regarded as a reflection of the economic difficulties experienced in the country.

Insolvencies Reached Record Levels in July

According to the final data for July, the number of businesses that went bankrupt rose to 2,197, marking a 13.4% increase compared to the same period last year. During this period, the highest number of bankruptcies occurred in the transport and storage sector, with 12.7 cases per 10,000 companies. Following this, the accommodation sector and other economic services including temporary employment agencies recorded 9.9 bankruptcy cases per 10,000 companies.

Amount of Debt in Bankruptcy Claims is Growing

The amount of debt to be paid to creditors in relation to corporate insolvency applications was estimated to be 3.7 billion euros. This figure shows a significant increase from 3.2 billion euros recorded in July of the previous year. Following corporate bankruptcies, 7,553 individuals also filed for personal bankruptcy in July; this represents an increase of 12.9% compared to the same period in 2024.

Economic Research and Statistics

The Halle Institute for Economic Research (IWH) in Germany announced on October 9 that the number of companies that went bankrupt in the third quarter of this year reached the highest level since 2005. This situation highlights the current economic circumstances in Germany and the challenges faced by businesses.