The number of companies declaring insolvency has in-creased in recent months. "However, large companies in particular use this ap-proach to restructure with the help of an insolvency plan or self-administration. Therefore, it cannot be assumed that a company that declares insolvency will also close and leave the market, " said Peter Kranzusch at the 3rd German Re-structuring and Insolvency Court Day in Erfurt in mid-September.
He also pointed out that insolvencies remain relatively rare – over 90% of all company closures are voluntary.
