Hanover (dpa/lni) – The number of corporate bankruptcies in the Lower Saxony economy has risen significantly. In 2023 there were 202 more applications to open insolvency proceedings than in the previous year. This corresponds to an increase of 17.4 percent, the State Office for Statistics in Lower Saxony (LSN) announced on Monday. 1,366 companies submitted a corresponding application to the local courts. The bankruptcies threatened the jobs of around 14,000 employees.
The increase in the number of employees affected shows that larger companies in particular will run into financial difficulties in 2023, the statistics authority said. Compared to the previous year, almost twice as many jobs (plus 93.7 percent) were threatened by insolvency in 2023.
There was also an increase in consumer bankruptcies. According to the information, around 10,000 private individuals submitted a corresponding application in 2023, which corresponds to an increase of 5.2 percent. The average debt burden per insolvent private person was around 37,000 euros in 2023.
According to the Federal Statistical Office, in the event of insolvency, a debtor is unable to pay off his debts or liabilities to creditors. Companies, freelancers or private individuals are therefore insolvent if they can no longer meet their obligations due to current or impending insolvency or excessive indebtedness.
According to the statisticians, there were around 2,400 more insolvency proceedings in Lower Saxony in 2023. Around 2,100 insolvency applications were filed by formerly self-employed people (minus 1.5 percent), around 230 proceedings were estate or joint estate insolvency proceedings (minus 10.9 percent) and around 50 applications were made by people who worked as partners or similar (minus 2.0 percent).
© dpa-infocom, dpa:240129-99-793240/2
2024-01-29 10:42:50
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