Government > Red tape > Time to resolve insolvency > Years: Countries Compared
DEFINITION:
Time to resolve insolvency (years). 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 | Sao Tome and Principe | 6.2 | 2013 | ||
2 | Cambodia | 6 | 2013 | ||
=3 | Federated States of Micronesia | 5.3 | 2013 | ||
=3 | Ecuador | 5.3 | 2013 | ||
5 | Democratic Republic of the Congo | 5.2 | 2013 | ||
=6 | Burma | 5 | 2013 | ||
=6 | Burundi | 5 | 2013 | ||
=6 | Djibouti | 5 | 2013 | ||
=6 | Niger | 5 | 2013 | ||
=6 | Mozambique | 5 | 2013 | ||
=6 | Vietnam | 5 | 2013 | ||
=6 | Gabon | 5 | 2013 | ||
=6 | Suriname | 5 | 2013 | ||
=6 | Nepal | 5 | 2013 | ||
15 | Central African Republic | 4.8 | 2013 | ||
=16 | Iran | 4.5 | 2013 | ||
=16 | Kenya | 4.5 | 2013 | ||
=16 | Indonesia | 4.5 | 2013 | ||
19 | India | 4.3 | 2013 | ||
=20 | Kuwait | 4.2 | 2013 | ||
=20 | Egypt | 4.2 | 2013 | ||
22 | Syria | 4.1 | 2013 | ||
=23 | Kyrgyzstan | 4 | 2013 | ||
=23 | Brazil | 4 | 2013 | ||
=23 | Chad | 4 | 2013 | ||
=23 | Benin | 4 | 2013 | ||
=23 | Mongolia | 4 | 2013 | ||
=23 | Oman | 4 | 2013 | ||
=23 | Venezuela | 4 | 2013 | ||
=23 | Bangladesh | 4 | 2013 | ||
=23 | Slovakia | 4 | 2013 | ||
=23 | Dominica | 4 | 2013 | ||
=23 | Burkina Faso | 4 | 2013 | ||
34 | Paraguay | 3.9 | 2013 | ||
=35 | Honduras | 3.8 | 2013 | ||
=35 | Guinea | 3.8 | 2013 | ||
Former French colonies average (profile) | 3.68 | 2013 | |||
37 | Mali | 3.6 | 2013 | ||
=38 | Greece | 3.5 | 2013 | ||
=38 | El Salvador | 3.5 | 2013 | ||
=38 | Dominican Republic | 3.5 | 2013 | ||
=41 | Romania | 3.3 | 2013 | ||
=41 | Bulgaria | 3.3 | 2013 | ||
=41 | Zimbabwe | 3.3 | 2013 | ||
=41 | Republic of the Congo | 3.3 | 2013 | ||
=41 | Turkey | 3.3 | 2013 | ||
=41 | Bosnia and Herzegovina | 3.3 | 2013 | ||
South Asia average (profile) | 3.27 | 2013 | |||
Sub-Saharan Africa average (profile) | 3.21 | 2012 | |||
=47 | Chile | 3.2 | 2013 | ||
=47 | United Arab Emirates | 3.2 | 2013 | ||
=49 | Croatia | 3.1 | 2013 | ||
=49 | Peru | 3.1 | 2013 | ||
Middle Eastern and North Africa average (profile) | 3.06 | 2013 | |||
=51 | Guyana | 3 | 2013 | ||
=51 | Poland | 3 | 2013 | ||
=51 | Malta | 3 | 2013 | ||
=51 | Antigua and Barbuda | 3 | 2013 | ||
=51 | Switzerland | 3 | 2013 | ||
=51 | Belarus | 3 | 2013 | ||
=51 | Togo | 3 | 2013 | ||
=51 | Yemen | 3 | 2013 | ||
=51 | The Bahamas | 3 | 2013 | ||
=51 | Guatemala | 3 | 2013 | ||
=51 | Jordan | 3 | 2013 | ||
=51 | Papua New Guinea | 3 | 2013 | ||
=51 | Senegal | 3 | 2013 | ||
=51 | Lebanon | 3 | 2013 | ||
=51 | Estonia | 3 | 2013 | ||
=51 | Costa Rica | 3 | 2013 | ||
=51 | Tanzania | 3 | 2013 | ||
=51 | Liberia | 3 | 2013 | ||
Former Spanish colonies average (profile) | 2.98 | 2013 | |||
Muslim countries average (profile) | 2.96 | 2013 | |||
69 | Ukraine | 2.9 | 2013 | ||
=70 | Pakistan | 2.8 | 2013 | ||
=70 | Saudi Arabia | 2.8 | 2013 | ||
=70 | Argentina | 2.8 | 2013 | ||
=70 | Qatar | 2.8 | 2013 | ||
=70 | Moldova | 2.8 | 2013 | ||
=70 | Cameroon | 2.8 | 2013 | ||
South and Central Asia average (profile) | 2.77 | 2013 | |||
Emerging markets average (profile) | 2.76 | 2013 | |||
=76 | Tonga | 2.7 | 2013 | ||
=76 | Philippines | 2.7 | 2013 | ||
=76 | Thailand | 2.7 | 2013 | ||
=79 | Lesotho | 2.6 | 2013 | ||
=79 | Malawi | 2.6 | 2013 | ||
=79 | Vanuatu | 2.6 | 2013 | ||
Eastern Europe average (profile) | 2.52 | 2013 | |||
Religious countries average (profile) | 2.51 | 2013 | |||
=82 | Namibia | 2.5 | 2013 | ||
=82 | Puerto Rico | 2.5 | 2013 | ||
=82 | Algeria | 2.5 | 2013 | ||
=82 | Brunei | 2.5 | 2013 | ||
=82 | Trinidad and Tobago | 2.5 | 2013 | ||
=82 | Rwanda | 2.5 | 2013 | ||
=82 | Panama | 2.5 | 2013 | ||
=82 | Bahrain | 2.5 | 2013 | ||
Former British colonies average (profile) | 2.47 | 2013 | |||
90 | Zambia | 2.4 | 2013 | ||
Former Soviet republics average (profile) | 2.32 | 2013 | |||
=91 | San Marino | 2.3 | 2013 | ||
=91 | Azerbaijan | 2.3 | 2013 | ||
=91 | Sierra Leone | 2.3 | 2013 | ||
=94 | Nicaragua | 2.2 | 2013 | ||
=94 | Uganda | 2.2 | 2013 | ||
=94 | Cote d'Ivoire | 2.2 | 2013 | ||
Cold countries average (profile) | 2.12 | 2013 | |||
97 | Czech Republic | 2.1 | 2013 | ||
Potential Future EU Members average (profile) | 2.1 | 2013 | |||
Europe average (profile) | 2.08 | 2013 | |||
NATO countries average (profile) | 2.04 | 2013 | |||
Heavily indebted countries average (profile) | 2.02 | 2013 | |||
=98 | Seychelles | 2 | 2013 | ||
=98 | Marshall Islands | 2 | 2013 | ||
=98 | South Africa | 2 | 2013 | ||
=98 | Russia | 2 | 2013 | ||
=98 | Sweden | 2 | 2013 | ||
=98 | Saint Lucia | 2 | 2013 | ||
=98 | Albania | 2 | 2013 | ||
=98 | European Union | 2 | 2013 | ||
=98 | Samoa | 2 | 2013 | ||
=98 | Slovenia | 2 | 2013 | ||
=98 | The Gambia | 2 | 2013 | ||
=98 | Serbia | 2 | 2013 | ||
=98 | Hungary | 2 | 2013 | ||
=98 | Israel | 2 | 2013 | ||
=98 | Sudan | 2 | 2013 | ||
=98 | Uzbekistan | 2 | 2013 | ||
=98 | Kosovo | 2 | 2013 | ||
=98 | Georgia | 2 | 2013 | ||
=98 | Nigeria | 2 | 2013 | ||
=98 | Palau | 2 | 2013 | ||
=98 | Luxembourg | 2 | 2013 | ||
=98 | Portugal | 2 | 2013 | ||
=98 | Afghanistan | 2 | 2013 | ||
=98 | Madagascar | 2 | 2013 | ||
=98 | Swaziland | 2 | 2013 | ||
European Union average (profile) | 2 | 2013 | |||
=123 | Armenia | 1.9 | 2013 | ||
=123 | Ghana | 1.9 | 2013 | ||
=123 | Lithuania | 1.9 | 2013 | ||
=123 | France | 1.9 | 2013 | ||
Eurozone average (profile) | 1.85 | 2013 | |||
Non-religious countries average (profile) | 1.85 | 2013 | |||
=127 | Uruguay | 1.8 | 2013 | ||
=127 | Bolivia | 1.8 | 2013 | ||
=127 | Republic of Macedonia | 1.8 | 2013 | ||
=127 | Mexico | 1.8 | 2013 | ||
=127 | Italy | 1.8 | 2013 | ||
=127 | Fiji | 1.8 | 2013 | ||
=127 | Morocco | 1.8 | 2013 | ||
=127 | Barbados | 1.8 | 2013 | ||
=127 | Ethiopia | 1.8 | 2013 | ||
High income OECD countries average (profile) | 1.72 | 2013 | |||
=136 | Sri Lanka | 1.7 | 2013 | ||
=136 | China | 1.7 | 2013 | ||
=136 | Botswana | 1.7 | 2013 | ||
=136 | Colombia | 1.7 | 2013 | ||
=136 | Mauritius | 1.7 | 2013 | ||
=136 | Tajikistan | 1.7 | 2013 | ||
=142 | Kazakhstan | 1.5 | 2013 | ||
=142 | Latvia | 1.5 | 2013 | ||
=142 | United States | 1.5 | 2013 | ||
=142 | Cyprus | 1.5 | 2013 | ||
=142 | Spain | 1.5 | 2013 | ||
=142 | Maldives | 1.5 | 2013 | ||
=142 | Malaysia | 1.5 | 2013 | ||
=142 | South Korea | 1.5 | 2013 | ||
150 | Montenegro | 1.4 | 2013 | ||
=151 | Tunisia | 1.3 | 2013 | ||
=151 | New Zealand | 1.3 | 2013 | ||
Group of 7 countries (G7) average (profile) | 1.26 | 2013 | |||
153 | Germany | 1.2 | 2013 | ||
=154 | Austria | 1.1 | 2013 | ||
=154 | Jamaica | 1.1 | 2013 | ||
=154 | Hong Kong | 1.1 | 2013 | ||
=154 | Netherlands | 1.1 | 2013 | ||
=158 | Australia | 1 | 2013 | ||
=158 | Belize | 1 | 2013 | ||
=158 | Iceland | 1 | 2013 | ||
=158 | Solomon Islands | 1 | 2013 | ||
=158 | United Kingdom | 1 | 2013 | ||
=158 | Denmark | 1 | 2013 | ||
=164 | Norway | 0.9 | 2013 | ||
=164 | Finland | 0.9 | 2013 | ||
=164 | Belgium | 0.9 | 2013 | ||
=167 | Singapore | 0.8 | 2013 | ||
=167 | Canada | 0.8 | 2013 | ||
169 | Japan | 0.6 | 2013 | ||
170 | Ireland | 0.4 | 2013 |