WIESBADEN (Dow Jones) – The corporate insolvencies in Germany in April have experienced the biggest decline since late 2008. The Federal Statistical Office ( Destatis ) on Friday reported the number of corporate insolvencies fell year on year by 6.2 % to 2794 cases and thus rate since December 2008 ( minus 7.1% ) no more .
On the other hand increased the number of consumer insolvencies : with 8779 cases was 6.4% higher than in April 2009. Of the total of 13 949 German local courts in April, bankruptcy cases have been reported , which were 2.0% more than last year.
In the first four months of 2010 , according to Destatis 11 024 business bankruptcies were counted , 3.1 % more than last year . Overall, the number of insolvencies from January to the end of April by 7.5 % to 56 648 cases. In other borrowers accounted for 45 624 cases ( plus 8.7% ), the consumer insolvencies increased with an increase of 11.3% to 36 015 cases at most.
The estimated outstanding claims of creditors figured the courts for April 2010 to EUR 5.8 billion compared with EUR 3.4 billion in April last year. The increase in receivables due to the bankruptcies of some of economically significant companies, such Destatis further informed .
DJG / kth / mle / dok