Bankruptcy personal bankruptcy of bankruptcies in Germany Government party dispute reform law programs CDU SPD FDP Alliance 90 Green Party European Parliament bank failures economic reform of the Pleitegeier 2009 even more violently slamming: Kuckuskleber and bankruptcy divisions of district courts, as well as debt counselling agencies will have again in 2009 season. According to expert calculations, the number of consumer insolvencies is expected to increase this year by 50% on up to 145,000 cases. Indebted individuals remains then only option to initiate the bankruptcy to be solvent again after several years of losing streak. Source: Andrea Marks. Accordingly, inform and advise debt counselling agencies and consumer associations, usually for a small fee. Also the more expensive variant the personal bankruptcy just a lawyer to run is possible in Germany.
In any case, it is recommended that the litigant first before just informed and cost-saving individual initiative shows. The walk to the insolvency court is spared not many sub-prime companies, since due to the low demand in Germany together with the lending policies of banks and savings banks that continued existence is at least heavily compromised by small businesses and medium-sized businesses. It should particularly hard hit the auto supply companies the car dealers, the transport and logistics companies, companies in the service sectors and recruitment agencies. For these sectors, there should be no benevolent express package from the Federal Government, like in the bank failures. Volkswitrschaftlichen damage arising from the bankruptcy of the company could amount to 2009 to 35 billion euros according to conservative estimates. The consumer insolvencies were still declined in 2008, but the bankruptcies already for the first time in five years showed a steep trend upwards. Therefore, it remains to be seen what action taken already by the German State to take effect and which would be still immediately to decide. A zero in the field of economic growth seems to be but inevitable.