Analysis and Studies - Studies
CRIF Buergel Study: Number of private insolvencies in Germany down again in 2020
March 11th 2021
Private insolvencies in Germany fell again in 2020 despite the Corona pandemic.
There were a total of 56,324 private insolvencies last year, 35.1 percent fewer than in 2019, according to the key findings from the "Debt Barometer 2020" by information service provider CRIFBÜRGEL. Private insolvencies in 2020 fell for the tenth time in a row to the lowest level since 2004 (39,213 private insolvencies). Compared with the insolvency record year of 2010, when 139,110 private individuals had to file for insolvency within a year, private bankruptcies more than halved last year (down 59.5 percent).
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