Bankruptcies increase rapidly in Germany

The incidents of bankruptcy claims filed by companies and partnerships in Germany have increased by 34% to 762 year-on-year in September, exceeding forecasts, the economic research institute IWH said on Monday.

The institute has predicted a rise of 25% a month ago for September, it added.

Steffen Muller, a director at the institute, said there will be visible increases in bankruptcies in the coming months.