High income OECD countries Compared by Government > Time to resolve insolvency > Years
DEFINITION:
Time to resolve insolvency is the number of years from the filing for insolvency in court until the resolution of distressed assets.
CONTENTS
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| # | COUNTRY | AMOUNT | DATE | GRAPH | HISTORY |
|---|---|---|---|---|---|
| 1 | Czech Republic | 9.2 years | 2006 | ||
| 2 | Chile | 5.6 years | 2006 | ||
| =3 | Slovakia | 4 years | 2006 | ||
| =3 | Israel | 4 years | 2006 | ||
| =5 | Denmark | 3 years | 2006 | ||
| =5 | Estonia | 3 years | 2006 | ||
| =5 | Switzerland | 3 years | 2006 | ||
| =5 | Poland | 3 years | 2006 | ||
| =9 | Portugal | 2 years | 2006 | ||
| =9 | Greece | 2 years | 2006 | ||
| =9 | Slovenia | 2 years | 2006 | ||
| =9 | New Zealand | 2 years | 2006 | ||
| =9 | Sweden | 2 years | 2006 | ||
| 14 | France | 1.9 years | 2006 | ||
| 15 | Netherlands | 1.7 years | 2006 | ||
| =16 | United States | 1.5 years | 2006 | ||
| =16 | South Korea | 1.5 years | 2006 | ||
| =18 | Germany | 1.2 years | 2006 | ||
| =18 | Italy | 1.2 years | 2006 | ||
| 20 | Austria | 1.1 years | 2006 | ||
| =21 | Iceland | 1 years | 2006 | ||
| =21 | Spain | 1 years | 2006 | ||
| =21 | United Kingdom | 1 years | 2006 | ||
| =21 | Australia | 1 years | 2006 | ||
| =25 | Belgium | 0.9 years | 2006 | ||
| =25 | Finland | 0.9 years | 2006 | ||
| =25 | Norway | 0.9 years | 2006 | ||
| 28 | Canada | 0.8 years | 2006 | ||
| 29 | Japan | 0.6 years | 2006 | ||
| 30 | Ireland | 0.4 years | 2006 |
Citation
Interesting observations about Government > Time to resolve insolvency > Years
- India ranked first for time to resolve insolvency > years amongst Emerging markets in 2006.
- Ecuador ranked first for time to resolve insolvency > years amongst Christian countries in 2006.
- Chad ranked first for time to resolve insolvency > years amongst Hot countries in 2006.
- Czech Republic ranked first for time to resolve insolvency > years amongst High income OECD countries in 2006.
- Turkey ranked second for time to resolve insolvency > years amongst Europe in 2006.
- France ranked first for time to resolve insolvency > years amongst Group of 7 countries (G7) in 2006.
- Jordan ranked first for time to resolve insolvency > years amongst Heavily indebted countries in 2006.
- Philippines ranked first for time to resolve insolvency > years amongst East Asia and Pacific in 2006.
- Ireland has ranked last for time to resolve insolvency > years since 2003.
- Romania ranked second for time to resolve insolvency > years amongst European Union in 2006.