- Over 780 businesses experiencing financial bankruptcy during the initial six months of the period.
In the initial half of 2024, Hesse witnessed a 22% surge in corporate bankruptcies, as per the info from Hessian State Statistical Office based in Wiesbaden. This rise led to a whopping 782 instances of company bankruptcies. The construction sector topped the list with a staggering 160 cases. On a different note, consumer bankruptcy filings showed a roughly 7% uptick, reaching almost 2,300 from the first half of 2023.
The following are the types of insolvency proceedings that could potentially be seen in response to the surge in corporate bankruptcies, given the current situation in Hesse. The increase in corporate bankruptcies has highlighted the importance of understanding different insolvency proceedings.
