Categories: Business

Credit reporting Agency: credit reform: 24.000 or more bankruptcies 2021

Business information Agency
Credit reform: 24.000 or more bankruptcies 2021

The corona restrictions worry many shops for economic problems – some threatened with closure. Photo: Michael Reichel/dpa-Central picture/dpa

© dpa-infocom GmbH

In the Corona of the year, there will be significantly less insolvency proceedings than in the previous year. Reason for this is the loosening of the insolvency law. For 2021, the credit reform expects, however, with an increase in.

The economic credit Agency credit reform expects in the coming year, with a significant increase in the insolvency proceedings in the German economy.

Managing Director Volker Ulbricht speaks in the “New Osnabrücker Zeitung” of up to 24,000 or more procedures: “I reckon that the wave of insolvencies in the first quarter of 2021 to a climax, and then show how the second Lockdown of the impact of in addition,” said Ulbricht. Under the impression of the upcoming “lightweight” lock downs in November, the picture for many sectors will darken significantly – in spite of the addition announced.

For this year, the economic forecasting Agency of 17,000 to 18,000 insolvency proceedings and, therefore, less than last year. “The fact that the number of insolvencies is expected to fall in this year, less than 2019, is only explained by the fact that too many freeloaders support in the claim or of the suspension of the obligation to apply for Insolvency have benefited,” said Ulbricht. In the first half of the year 2020, the number of business bankruptcies had declined in spite of Corona, according to previous information from credit reform by 8.2 percent to 8900 cases. The bankruptcy happen to have decoupled from the real economic Situation of enterprises, – said Ulbricht at the time.

If a company has permanently no more money, it must normally present a bankruptcy petition at the district court. Already in the case of insolvency and over-Indebtedness of the application after a certain period of duty.

Most recently was eased due to the tense situation of many companies in the insolvency law. Companies that have over-indebted in the Corona-crisis, must face up to the end of the year, no application for insolvency. You must, however, be more able to pay.

dpa
Matthew Velter

With 5 years of experience as an editor, Matthew has been a crucial part of eTrendy Stock since its inception. He looks after the editing of news content published on eTrendy Stock. Apart from investing his time in editing, he also provides well-researched news articles for the U.S. niche. Mathew studied at University of central Florida.

Recent Posts

How Leclerc & Co. Is Redefining Affordable Luxury in the Watch Industry

In a market flooded with mass-produced designs and influencer-driven hype, a new contender is emerging…

6 hours ago

Arbra Unveils Tokenized Private Equity Basket with SpaceX, Ramp, and Varda on Colb

London, UK, 27th June 2025, Arbra Partners Group (“Arbra”), the global financial services company, has…

1 day ago

Calyptus Launches New AI Hiring Platform To Close the Global Productivity Gap

London, UK, 27th June 2025, ZEX PR WIRE, Calyptus, the hiring platform known for verifying…

1 day ago

Unleashing Ghostdriver by Tearline: Browser-Native AI Agent for the Seamless Web2 and Web3 Task Execution

British Virgin Islands, BVI, 26th June 2025, ZEX PR WIRE, In an era where every second…

3 days ago

Bety Casino Raises the Stakes: New VIP Program Delivers Exclusive Crypto Gaming Benefits for High-Value Players

Paranaque City, Philippines, 26th June 2025, ZEX PR WIRE, Bety, the innovative crypto casino and…

3 days ago

CrocCoin Introduces Groundbreaking Meme-to-DeFi Ecosystem on Solana, Featuring Progressive Decentralization

Innovative Project Merges Meme Culture with Institutional Security, Sustainable Tokenomics, and Community Governance Goiânia –…

5 days ago