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In the first three months of the year 5,209 companies filed for bankruptcy in Germany, the Federal Statistical Office on Friday, continuing an upward trend. This year’s first quarter figure was 26.5% higher than in the same quarter last year. It was also 11.2% higher than in same quarter in 2020, before the coronavirus forced closures across the country. In May 2024, 25.9% more regular insolvencies were filed than a year earlier. Since June 2023, double-digit year-on-year growth rates have been recorded, according to the government statisticians. The cases are only included in the statistics a…

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