The number of company insolvencies fell in the first half of the year. What looks superficially gratifying, it is for several reasons, not at all. To a has decoupled the bankruptcy happened with the suspension of the obligation of the economic reality. The fear is that, at present, many companies make use of the right to its inability to pay does not display, although they are, in fact, insolvent.
And this is not just a company, where corona due to the revenue has collapsed. There are also many old cases that were already on the verge of bankruptcy, but under the protection of the special measures to continue to procrastinate. The significantly longer payment terms for many companies to show how close many of the money is become.
Even more chilling is that, currently, there is growing evidence that the Corona-induced economic slump will not end as a V with fast rise again in the autumn, but rather as a U with a up to next year delayed recovery. This does not mean that public support measures do not suffice often, to the period up to the selfsupporting upswing bridge.
