Difficult economic conditions, the consequences of the Corona crisis and the war in Ukraine – a dangerous cocktail that caused a record year of bankruptcies in 2024. Krone+ has looked at why the many bankruptcies so far have been barely noticeable at work, but will have problems in the long term.
4158 companies registered bankruptcy in 2024. The 2400 bankruptcy proceedings are not yet included, which have not been opened due to the lack of mass. A record year that is due to various factors. “Some of the failure is justified in the late admission of failure,” says Karl-Heinz Götze, head of KSV1870. “It doesn’t matter whether it’s a company or a private bankruptcy. The debt level has developed over several years. For a while you can manage yourself, but at some point it may reach the point where it is no longer possible.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
