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Potsdam (dpa / bb) - In Brandenburg, the number of company bankruptcies has decreased enormously despite the Corona crisis.

While 42 per 10,000 companies were reported in the previous year, this year the figure is extrapolated to 36, as the credit reporting agency Creditreform announced on Tuesday.

This puts Brandenburg in second place nationwide after Thuringia.

An explanation for the low numbers in the past year: The legislature has suspended the obligation to file for insolvency for companies since March 1, 2020.

Companies that are in distress due to the corona crisis have not been obliged to file for bankruptcy since then.

This special regulation has meanwhile been extended and will now apply until the end of 2020. However, only for companies that are over-indebted, not if they are insolvent.

The nationwide significant decline in company bankruptcies of 13.4 percent to an estimated 16,300 (previous year: 18,830) cases, however, "hide the real situation of the companies," it said.

State aid and relief in insolvency law eased the situation in 2020. “The recession is having a massive impact on the liquidity and financial situation, particularly for the catering, retail trade, and the trade fair, travel and event industries.

This will be reflected in the insolvency figures from next year on, ”predicted Creditreform.

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Despite the lower number of cases, the amount of damage for the creditors increased significantly from 23.5 billion euros in 2019 to an estimated 34 billion euros in the current year.

Smaller companies in particular are still affected: in four out of five cases (80.1 percent) the company concerned had a maximum of five employees.

According to calculations by Creditreform, around 332,000 jobs are threatened or have already been lost as a result of this year's corporate insolvencies.

Creditreform on insolvencies 2020

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Creditreform on insolvencies 2019

Federal Office on Insolvencies 1st Half of 2020

Federal Ministry of Justice on the obligation to file for insolvency 2.9.2020

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Federal Statistical Office on GDP

Federal Employment Agency on short-time allowance

Insolvency trend IWH December 3rd, 2020

Crifbürgel bankruptcy forecast

Insolvency forecast Euler Hermes July 2020

Business survey ifo Institute 1.12.2020

Analysis of Deutsche Bank Research on insolvencies 08/2020