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Halle (dpa) - In Germany, the number of bankruptcies rose more sharply in March than in February.
870 partnerships and corporations, 20 percent more than in the previous month, have been reported as insolvent.
The Leibniz Institute for Economic Research Halle announced on Thursday that the level of the previous month was almost reached.
The analysis shows that the top ten percent of the companies that were filed for bankruptcy in March together employed almost 8,000 people.
This means that the number of jobs affected is roughly at the level of the previous year, but also well below the highs of last summer.
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Since February there has also been a sharp increase in the insolvencies of small businesses and the self-employed, the economic researchers said.
On the one hand, the cause is the pandemic.
Furthermore, easier access to the discharge of residual debts since the beginning of the year could also play a role for the self-employed.
According to the IWH, this change in the law reduces the negative consequences of bankruptcy for those affected.
According to its own information, the IWH evaluates the insolvency announcements of the German registration courts for its analyzes and links them with the balance sheet figures of the companies concerned.
© dpa-infocom, dpa: 210408-99-124841 / 5
Press release IWH