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imago images / Jan Huebner
Because companies were not allowed to operate for a few weeks, the number of bankruptcies decreased significantly in April 2020. But behind the shallow relaxation is an extremely hungry bankrupt vulture.
At first glance, the bankruptcy numbers look good, business information service Bisnode D&B said on Wednesday. These have decreased by 20 percent since the beginning of the year and even by 65 percent in April.
Bankruptcies only postponed but not canceled
However, the decline is not the result of a good economic situation, but is due to the federal legal decree on the debt compliance system and subsequent debt compliance vacations. These lasted from March 19 to April 19. In other words, the bankruptcies were only postponed, but were not canceled.
Therefore, Bisnode expects a massive increase in bankruptcies in the coming months. Even if Corona loans in many cases had avoided immediate insolvency by now, various industries would have suffered massive sales losses due to the state ban on events and meetings, it is said.
The number of startups also shows how bad the mood is among entrepreneurs. According to Bisnode, this fell 25 percent in April. (SDA / vnf)
