According to credit insurers, the number of corporate bankruptcies in Germany will rise again in 2022 for the first time in 13 years. “In the best case, we expect 15,500 bankruptcies, in the worst case up to 17,000 bankruptcies,” said Thomas Langen, chairman of the credit insurance commission in the German Insurance Association (GDV). The GDV expects 15,000 bankruptcies in 2021 after the obligation to file for insolvency was temporarily suspended due to the corona pandemic. Now the medium and long-term consequences of the crisis became apparent. The credit insurers see the auto suppliers as particularly at risk: There, the lack of chips leads to billions in sales losses, while the companies actually have to make high investments in order to cope with the structural change.
Credit insurers – more corporate bankruptcies again in 2022 – economy
