Experts provide a first estimate: Corona drives 10,000 German companies in Bankruptcy

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 percen

Experts provide a first estimate: Corona drives 10,000 German companies in Bankruptcy

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.

  • rich in All information about the Corona-crisis in the Live Ticker of FOCUS Online

"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.

Are you a leader? Then you make this Corona-survey!

Just eight weeks after the decision of the contact restrictions in the Wake of the Covid-19-pandemic, the Federal government and the Länder have decided at the beginning of may, the first loosening. A team of researchers from the Cologne University of applied Sciences takes this occasion to create within the framework of their study "conflicts, while the Corona-crisis," a mood picture of the impact of the relaxations. The survey is anonymous and takes about six minutes. It is here, accessible, and up to 25. May 2020 possible.

warning : The survey is aimed exclusively at managers.

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.

  • read also: next, the banks are in it: 5 reasons why the Crash will take "Who holds the money, is the Stupid": expert warns of Entwertungs-wave FOCUS Online, "Who holds the money, is the Stupid": expert warns of Entwertungs-wave
pom/dpa
Updated Date: 23 May 2020, 18:27

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