The information service provider Crifbürgel expects this year, with more than 29,000 companies insolvencies in Germany. That would be 10,000, or about 54 percent more than in the previous year, informed Crifbürgel on Monday in Hamburg.
This would be the broke shaft similar to that in the financial crisis, as of 2009, nearly 34,000 companies in the bankruptcy went. The experts stated that they would not have included in their scenario analysis of the liquidity loans and aid from the state development Bank KfW yet, so loans have to be repaid.
“The bankruptcy wave is also to the year 2021 in
rich” “the question, as even previously successful firms to pay due to their business model, low profit and low reserves, which generated additional loans”, – stated in the message.
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“The bankruptcy wave is also to the year 2021 inside,” said Crifbürgel managing Director Frank Schlein. The extent is still open and depends also on the duration of the pandemic. “Since the insolvency statistics is always mapped into the past, so to speak, a glance in the rear-view mirror, the exact effects of the Corona-crisis in the second half of the year and in the coming year visible,” says Schlein.
insolvency means that the company disappears
especially in the tourism, hospitality and event industry looks Crifbürgel a high increase in insolvencies. In addition, trade fair builders, automotive suppliers, cinemas, and also the retail sector, as well as the export-dependent industry would get to feel the consequences of the lock downs. Companies from these sectors with low liquidity reserves are unlikely to get back on their feet.
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by the Corona pandemic caused by insolvency would not mean that the company disappears from the market, writes Crifbürgel. The insolvency law in Germany offer many opportunities to get company.
so Far, the pandemic, is reflected in the official insolvency figures up to April. The credit insurer Euler Hermes, however, had said already in the world, a rise of 20 per cent, and for Germany, at least 10 percent.
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pom/dpa
