Insolvency in the southwest: alarming numbers and worrying trends!

Insolvency in the southwest: alarming numbers and worrying trends!

What's in the southwest? The current balance of corporate insolvencies shows a worrying trend. In the first quarter of 2024, exactly 662 corporate bankruptcies were requested in the district courts in the state of Baden-Württemberg. This corresponds to an increase of 6.1 percent compared to the same period in the previous year, such as the Süddeutsche Zeitung reported.

The fact that over 8,600 employees are affected. However, experts estimate that the actual number may be higher, since many jobs are dismantled before the official bankruptcy. No less than 1.3 billion euros amount to the expected claims of the creditors. The highest rate of bankruptcies each 1,000 companies was registered in the Pforzheim city district, while Freudenstadt is considered the region with very few bankruptcies.

a worrying trend

A look at the total number of 2024 makes it clear that there were 21,812 corporate insolvencies nationwide, which corresponds to an increase of 22.4 percent compared to 2023. The main causes of this increase are both current and earlier crises that many companies have added to a lot. Companies that have been on the market for at least three to eight years are particularly affected, which shows that the pressure on economic stability also has increased requirements and challenges for longer established companies, such as "https://www.ifm-bonn.org/statistungen-und--undendungen-und--undendungen-unde-unde

However, the bankruptcies do not represent the only option, as companies conclude. In 2024, a total of around 270,000 commercial companies and an estimated 90,000 freelance activities were hired. If all bankruptcies lead to liquidations, only about a sixth of all company closures come from an bankruptcy application.

growing uncertainties

The development could continue to be negative. For 2025, experts expect a further increase in the bankruptcy bankruptcy, due to the expiry of state corona aids and rising energy prices that continue to put many companies under pressure. In addition, political uncertainties ensure additional stress in the economic situation. The pressure on companies to fulfill their financial obligations remains high.

The numbers also illustrate the uncertainty in which many entrepreneurs currently live. The bankruptcy regulation tries to compensate for over -indebted debtors and creditors, but the situation remains tense. In 2023 there were around 110,200 bankruptcies in Germany, which shows that the problem is not only locally but also at the national level, as Statista shows.

How will the situation develop in the coming months? That remains to be seen. However, one thing is clear: many companies face major challenges and those responsible are required to make clever decisions in order to navigate their companies through turbulent times.