Economy > Time to resolve insolvency > Years: Countries Compared
DEFINITION:
Time to resolve insolvency is the number of years from the filing for insolvency in court until the resolution of distressed assets.
CONTENTS
# | COUNTRY | AMOUNT | DATE | GRAPH | HISTORY |
---|---|---|---|---|---|
1 | Mauritania | 8 | 2009 | ||
2 | India | 7 | 2009 | ||
3 | Maldives | 6.7 | 2009 | ||
4 | Czech Republic | 6.5 | 2009 | ||
5 | Angola | 6.2 | 2009 | ||
6 | Belarus | 5.8 | 2009 | ||
=7 | Haiti | 5.7 | 2009 | ||
=7 | Philippines | 5.7 | 2009 | ||
9 | Indonesia | 5.5 | 2009 | ||
10 | Ecuador | 5.3 | 2009 | ||
11 | Democratic Republic of the Congo | 5.2 | 2009 | ||
12 | United Arab Emirates | 5.1 | 2009 | ||
=13 | Djibouti | 5 | 2009 | ||
=13 | Niger | 5 | 2009 | ||
=13 | Mozambique | 5 | 2009 | ||
=13 | Vietnam | 5 | 2009 | ||
=13 | Gabon | 5 | 2009 | ||
=13 | The Bahamas | 5 | 2009 | ||
=13 | Suriname | 5 | 2009 | ||
=13 | Nepal | 5 | 2009 | ||
21 | Central African Republic | 4.8 | 2009 | ||
=22 | Chile | 4.5 | 2009 | ||
=22 | Kenya | 4.5 | 2009 | ||
24 | Jordan | 4.3 | 2009 | ||
25 | Kuwait | 4.2 | 2009 | ||
26 | Syria | 4.1 | 2009 | ||
=27 | Kyrgyzstan | 4 | 2009 | ||
=27 | Brazil | 4 | 2009 | ||
=27 | Benin | 4 | 2009 | ||
=27 | Mongolia | 4 | 2009 | ||
=27 | Oman | 4 | 2009 | ||
=27 | Venezuela | 4 | 2009 | ||
=27 | Israel | 4 | 2009 | ||
=27 | Uzbekistan | 4 | 2009 | ||
=27 | Lebanon | 4 | 2009 | ||
=27 | El Salvador | 4 | 2009 | ||
=27 | Bangladesh | 4 | 2009 | ||
=27 | Slovakia | 4 | 2009 | ||
=27 | Burkina Faso | 4 | 2009 | ||
40 | Paraguay | 3.9 | 2009 | ||
=41 | Honduras | 3.8 | 2009 | ||
=41 | Puerto Rico | 3.8 | 2009 | ||
=41 | Russia | 3.8 | 2009 | ||
=41 | Guinea | 3.8 | 2009 | ||
45 | Mali | 3.6 | 2009 | ||
=46 | Costa Rica | 3.5 | 2009 | ||
=46 | Dominican Republic | 3.5 | 2009 | ||
Former Spanish colonies average (profile) | 3.36 | 2009 | |||
=48 | Romania | 3.3 | 2009 | ||
=48 | Bulgaria | 3.3 | 2009 | ||
=48 | Zimbabwe | 3.3 | 2009 | ||
=48 | Georgia | 3.3 | 2009 | ||
=48 | Turkey | 3.3 | 2009 | ||
=48 | Congo, Republic of the | 3.3 | 2009 | ||
=48 | Bosnia and Herzegovina | 3.3 | 2009 | ||
Emerging markets average (profile) | 3.28 | 2009 | |||
55 | Cameroon | 3.2 | 2009 | ||
=56 | Croatia | 3.1 | 2009 | ||
=56 | Peru | 3.1 | 2009 | ||
=58 | Guyana | 3 | 2009 | ||
=58 | Poland | 3 | 2009 | ||
=58 | Antigua and Barbuda | 3 | 2009 | ||
=58 | Switzerland | 3 | 2009 | ||
=58 | Latvia | 3 | 2009 | ||
=58 | Togo | 3 | 2009 | ||
=58 | Guatemala | 3 | 2009 | ||
=58 | The Gambia | 3 | 2009 | ||
=58 | Papua New Guinea | 3 | 2009 | ||
=58 | Senegal | 3 | 2009 | ||
=58 | Colombia | 3 | 2009 | ||
=58 | Estonia | 3 | 2009 | ||
=58 | Tanzania | 3 | 2009 | ||
=58 | Liberia | 3 | 2009 | ||
=58 | Ethiopia | 3 | 2009 | ||
Former Soviet republics average (profile) | 2.99 | 2009 | |||
73 | Ukraine | 2.9 | 2009 | ||
=74 | Pakistan | 2.8 | 2009 | ||
=74 | Argentina | 2.8 | 2009 | ||
=74 | Qatar | 2.8 | 2009 | ||
=74 | Moldova | 2.8 | 2009 | ||
=78 | Zambia | 2.7 | 2009 | ||
=78 | Tonga | 2.7 | 2009 | ||
=78 | Azerbaijan | 2.7 | 2009 | ||
=78 | Thailand | 2.7 | 2009 | ||
=78 | Serbia and Montenegro | 2.7 | 2009 | ||
=83 | Lesotho | 2.6 | 2009 | ||
=83 | Sierra Leone | 2.6 | 2009 | ||
=83 | Malawi | 2.6 | 2009 | ||
=83 | Vanuatu | 2.6 | 2009 | ||
=87 | Algeria | 2.5 | 2009 | ||
=87 | Brunei | 2.5 | 2009 | ||
=87 | Samoa | 2.5 | 2009 | ||
=87 | Panama | 2.5 | 2009 | ||
=87 | Bahrain | 2.5 | 2009 | ||
Non-religious countries average (profile) | 2.31 | 2009 | |||
92 | Malaysia | 2.3 | 2009 | ||
=93 | Nicaragua | 2.2 | 2009 | ||
=93 | Uganda | 2.2 | 2009 | ||
=93 | Cote d'Ivoire | 2.2 | 2009 | ||
NATO countries average (profile) | 2.18 | 2009 | |||
96 | Uruguay | 2.1 | 2009 | ||
European Union average (profile) | 2.1 | 2009 | |||
97 | European Union | 2.06 | 2009 | ||
=98 | Portugal | 2 | 2009 | ||
=98 | Marshall Islands | 2 | 2009 | ||
=98 | South Africa | 2 | 2009 | ||
=98 | Sweden | 2 | 2009 | ||
=98 | Saint Lucia | 2 | 2009 | ||
=98 | Slovenia | 2 | 2009 | ||
=98 | Greece | 2 | 2009 | ||
=98 | Hungary | 2 | 2009 | ||
=98 | Nigeria | 2 | 2009 | ||
=98 | Luxembourg | 2 | 2009 | ||
=98 | Swaziland | 2 | 2009 | ||
High income OECD countries average (profile) | 1.92 | 2009 | |||
=109 | France | 1.9 | 2009 | ||
=109 | Ghana | 1.9 | 2009 | ||
=109 | Armenia | 1.9 | 2009 | ||
=112 | Morocco | 1.8 | 2009 | ||
=112 | Fiji | 1.8 | 2009 | ||
=112 | Italy | 1.8 | 2009 | ||
=112 | Mexico | 1.8 | 2009 | ||
=112 | Bolivia | 1.8 | 2009 | ||
Eurozone average (profile) | 1.75 | 2009 | |||
=117 | Tajikistan | 1.7 | 2009 | ||
=117 | Mauritius | 1.7 | 2009 | ||
=117 | Botswana | 1.7 | 2009 | ||
=117 | China | 1.7 | 2009 | ||
=117 | Sri Lanka | 1.7 | 2009 | ||
=122 | Lithuania | 1.5 | 2009 | ||
=122 | Saudi Arabia | 1.5 | 2009 | ||
=122 | Cyprus | 1.5 | 2009 | ||
=122 | United States | 1.5 | 2009 | ||
=122 | Kazakhstan | 1.5 | 2009 | ||
=122 | Namibia | 1.5 | 2009 | ||
=128 | New Zealand | 1.3 | 2009 | ||
=128 | Tunisia | 1.3 | 2009 | ||
Group of 7 countries (G7) average (profile) | 1.26 | 2009 | |||
130 | Germany | 1.2 | 2009 | ||
=131 | Netherlands | 1.1 | 2009 | ||
=131 | Denmark | 1.1 | 2009 | ||
=131 | Jamaica | 1.1 | 2009 | ||
=131 | Austria | 1.1 | 2009 | ||
=135 | Palau | 1 | 2009 | ||
=135 | Australia | 1 | 2009 | ||
=135 | Belize | 1 | 2009 | ||
=135 | United Kingdom | 1 | 2009 | ||
=135 | Spain | 1 | 2009 | ||
=135 | Solomon Islands | 1 | 2009 | ||
=135 | Iceland | 1 | 2009 | ||
=142 | Norway | 0.9 | 2009 | ||
=142 | Finland | 0.9 | 2009 | ||
=142 | Belgium | 0.9 | 2009 | ||
=145 | Canada | 0.8 | 2009 | ||
=145 | Singapore | 0.8 | 2009 | ||
147 | Japan | 0.6 | 2009 | ||
148 | Ireland | 0.4 | 2009 |