The sooner entrepreneurs sought professional help and explored the possibilities of bankruptcy law in order to reorganize the company, the better the results were, as a rule: companies could be saved, jobs were retained. However, it is now difficult for politicians to switch from the exceptional situation back to the original regulations. “The problems will not be solved by suspending the application requirement,” said Niering. On the contrary: there is a risk that the bankruptcy wave, which one actually wants to prevent, will grow bigger over time. Niering: “We can already see that there are more and more ‘zombie companies’ that no longer have any economic substance.”
more on the subject
Online trade in Germany is growing almost six times as fast as stationary retail. The corona pandemic will accelerate change. An infographic.