Blog Insolvencies

02.07.2024 // Use Cases
Insolvencies continue to rise – virtual data rooms streamline processing and management
Insolvencies Deal Room Due Diligence Use Case
The trend continues: According to Creditreform the number of corporate insolvencies continued to rise in the first six months of 2024, increasing by almost 30 percent compared to the same period last year. To make insolvency proceedings as efficient, transparent and simple as possible for all parties involved, a virtual data room is the best choice.
Read more
22.04.2024 // News
12.3% more corporate insolvencies in March 2024 compared to the same month last year
Virtual Data Room Insolvencies
The trend in insolvencies in Germany has seen significant momentum since the beginning of 2024. Following the expiry of government aid measures introduced during the COVID-19 pandemic, insolvency figures returned to pre-pandemic levels. According to the Federal Statistical Office, the number of company bankruptcies rose significantly in the first quarter of the year compared to the same period last year: 26 percent in January, 18 percent in February and 12.3 percent in March.
Read more