Insolvencies in Germany remain significantly above last year's level: Destatis

BERLIN, Dec. 12 (Xinhua) -- The number of corporate insolvencies filed with the authorities in Germany in November rose by 18.8 percent year-on-year, according to provisional figures published by the Federal Statistical Office (Destatis) on Tuesday.

From January to September, local courts reported around 25 percent more insolvencies than in the first nine months of 2022. According to Destatis, the resulting claims of creditors were estimated at around 21.1 billion euros (22.79 billion U.S. dollars), almost twice as much as in the same period last year.