The number of German companies filing for insolvency rose by 14% last year to 32,278.
Parmalat, the Italian food company, has been trying to sell non-core assets after filing for insolvency in December 2003.
The company said it was filing for insolvency in Switzerland, and would file similar paperwork in other European countries where it has operations, including France, Germany and Britain.
In January, Petroplus Holdings of Switzerland, the largest independent oil refiner in Europe, said it was filing for insolvency after lenders demanded repayment on $1.75 billion of outstanding debt.
Petroplus Holdings, the largest independent oil refiner in Europe, said on Tuesday that it was filing for insolvency after its creditors demanded repayment on $1.75 billion of outstanding debt.
Panel maker Solyndra, has sought protection from its creditors in the US despite receiving $500m of subsidies from the government, and Solon of Germany is filing for insolvency.
Deloitte is "withholding judgment" on Alitalia's 2003 financial figures and without adequate measures to restore the carrier's profitability, management needs to examine other solutions, including filing for insolvency, Deloitte said in a statement.
In November, the UK arm of Woolworths went bust and today it emerged that the German arm had followed suit, putting at risk around 11,000 jobs after filing for insolvency on Saturday.
Eventually, everything fell through and Save ended up filing for insolvency.
We excluded procedures where the result is fixed at the time of filing for insolvency.
"By filing for insolvency, we secure the future of our club and by bringing a liquidator on board remain capable of acting.
