Corporate Bankruptcies in Lower Saxony Economy Soar in 2023: 17.4% Increase and 14,000 Jobs at Risk

Corporate Bankruptcies in Lower Saxony Economy Soar in 2023: 17.4% Increase and 14,000 Jobs at Risk

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 … Read more

Düsseldorf Luxury Department Store “Carsch-Haus” Faces Uncertain Future as Construction Halted

Düsseldorf Luxury Department Store “Carsch-Haus” Faces Uncertain Future as Construction Halted

Düsseldorf – First the Elbtower, now the Carsch House? The traditional “Carsch-Haus” was actually supposed to reopen in Düsseldorf in spring 2025. It would then be the fourth luxury department store of the KaDeWe Group, which also includes the shopping temple of the same name in the capital. But then the Signa bankruptcy (49 percent … Read more

Case ASK-BSC Bruck – Now it is clear: ASK-BSC Bruck is insolvent

Case ASK-BSC Bruck – Now it is clear: ASK-BSC Bruck is insolvent

There is a new development in the case surrounding the outstanding claims for player fees against ASK-BSC Bruck an der Leitha. The regional court in Korneuburg has now made a decision, paving the way for the next steps. Background: Last year, numerous players took the former regional league team to court in order to get … Read more

Wirecard Insolvency Administrator Seeks Billions in Lawsuit Against Auditor EY

Wirecard Insolvency Administrator Seeks Billions in Lawsuit Against Auditor EY

Lawsuit against auditor Wirecard insolvency administrator demands a lot of money from EY December 29, 2023, 4:49 p.m. Listen to article This audio version was artificially generated. More info | Send feedback Wirecard insolvency administrator Michael Jaffe is trying to get as much money out of it as possible for the creditors of the insolvent … Read more

The fear of an epidemic of bankruptcies has not come true, there are half as many bankruptcies as ten years ago – News

The fear of an epidemic of bankruptcies has not come true, there are half as many bankruptcies as ten years ago – News

According to the turnover, the largest company that declared bankruptcy in November is the company Vitrablok, s.r.o., which focused on the production and processing of glass in Duchcov, popularly known as Luxfera. “This is already the second insolvency. In the past five years, the company has reported a profit once. The year 2021 and the … Read more

More company bankruptcies in Saxony in 2023

More company bankruptcies in Saxony in 2023

Dresden/Frankfurt – The energy crisis, sometimes exploding material costs and significantly increased interest rates are driving more and more companies into bankruptcy, including in Saxony. According to estimates by Creditreform, the insolvency rate, i.e. the number of bankruptcies per 10,000 companies, is 57 in the current year. In the previous year the value was 45, … Read more

Rise in Business Closures and Bankruptcies in Germany’s Economy

Rise in Business Closures and Bankruptcies in Germany’s Economy

In the first three quarters of this year, 72,200 larger companies went out of business completely. That is 11.4 percent more than between January and September 2022, said the Federal Statistical Office. According to the Wiesbaden statisticians, this concerns companies “whose legal form and number of employees indicate greater economic importance”. The authority defines companies … Read more

German Hospitals Struggle to Pay Christmas Bonuses as Financial Situation Worsens

German Hospitals Struggle to Pay Christmas Bonuses as Financial Situation Worsens

Financing via loans Many clinics cannot pay Christmas bonuses November 12, 2023, 10:08 p.m Listen to article This audio version was artificially generated. More info | Send feedback The financial situation of hospitals in Germany is even more tense than feared. A survey shows that almost two thirds of clinics cannot afford Christmas bonuses for … Read more

Financial Struggles in German Hospitals as Christmas Bonuses Can’t Be Paid

Financial Struggles in German Hospitals as Christmas Bonuses Can’t Be Paid

Financing via loans Many clinics cannot pay a Christmas bonus November 12, 2023, 10:08 p.m Listen to article This audio version was artificially generated. More info | Send feedback The financial situation of hospitals in Germany is even more tense than feared. A survey shows that almost two thirds of clinics cannot afford Christmas bonuses … Read more

Trouble in Paradise: The Threat of Bankruptcy for Entrepreneur René Benko

Trouble in Paradise: The Threat of Bankruptcy for Entrepreneur René Benko

Is entrepreneur René Benko threatened with bankruptcy? The insolvency administrator Arndt Geiwitz would be ready. Geiwitz from Ulm became known through his work on the bankruptcy of the Schlecker drugstore chain. His spectacular cases also include the ongoing difficulties at the Galeria Karstadt Kaufhof department stores, from which René Benko wanted to form a successful … Read more