Sharply rising bankruptcies within South Western corporations

In the heart of Germany, the south-western state of Baden-Württemberg saw a significant rise in corporate insolvencies last year, according to reports from the Statistical Office in Fellbach near Stuttgart. A total of 2,445 insolvency filings were reported, marking a 30.4% increase compared to the previous year.

This increase was higher than the national average, with Germany witnessing a total of 21,812 insolvency proceedings initiated across the country, representing a 22.4% increase.

The construction industry was the most affected sector in Baden-Württemberg, with 439 applications for insolvency. Retail came in a close second, with 356 insolvency applications. The claims of private debtors in the state amounted to over one billion euros, while the expected claims of creditors amounted to over four billion euros.

Interestingly, the total number of insolvency filings in Baden-Württemberg does not include the 776 dismissed proceedings due to insufficient assets. Similarly, the data for private (consumer) insolvencies in 2024 compared to the previous year is not explicitly stated for Baden-Württemberg, but the general trend shows a significant rise in insolvencies nationwide.

The Federal Statistical Office reported the nationwide insolvency figures for Germany, while the Statistical Office in Fellbach near Stuttgart reported the insolvency figures for Baden-Württemberg. The report on insolvencies in Baden-Württemberg was provided by dpa/lsw.

It's important to note that Fellbach is a location in Baden-Württemberg, near Stuttgart. The state, known for its thriving economy and industrial prowess, has seen a challenging year in terms of corporate insolvencies.

As we move into 2025, the trend of increasing insolvencies seems to persist, with the number of private insolvencies in Germany increasing by 7.5 percent in the first half of 2025 compared to the first half of 2024. However, specific data for Baden-Württemberg in 2025 is not yet available.

This surge in insolvencies serves as a reminder of the economic challenges faced by businesses and individuals in these uncertain times. It's crucial for policymakers and businesses to work together to address these issues and support the recovery of the economy.