Threatening wave of bankruptcies: Insolvency administrator warns: Not every company and business model should be saved by the state

This article is an acquisition of Capital , Capital's premium digital offering.

Threatening wave of bankruptcies: Insolvency administrator warns: Not every company and business model should be saved by the state

This article is an acquisition of Capital , Capital's premium digital offering. For you as a stern PLUS subscriber, it is exclusively available here until November 2nd, 2022. After that, it will again only be available to Capital subscribers at www.capital.de/plus

Mr. Seagon, as an insolvency administrator and reorganizer, crises are your business. How bad is what's about to happen to the German economy? It's hard to say, but the signs aren't good. We were particularly dependent on Russian gas, and we all notice that when looking at the energy costs. Especially in the energy-intensive industries, everyone is wondering how to get this under control. Especially since wage and raw material costs are also rising. Consumers are also in a panic and are no longer buying, and sales in retail are stumbling. Together with the interest rate turnaround by the central banks, a very toxic cocktail is brewing for many companies.

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