Wiesbaden, Germany — There were 18.1% more insolvency applications in Germany in February 2024 compared to February 2023.
Increase in company insolvencies in 2023 from 2022 but lower than 2019 pre-COVID levels. 0.7% rise in consumer insolvencies in 2023 from 2022.
Insolvency statistics reflect business closures due to insolvency proceedings, not other reasons.