Eastern Europe 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 | Belarus | 5.8 years | 2006 | ||
3 | Romania | 4.6 years | 2006 | ||
=4 | Albania | 4 years | 2006 | ||
=4 | Slovakia | 4 years | 2006 | ||
6 | Russia | 3.8 years | 2006 | ||
=7 | Bosnia and Herzegovina | 3.3 years | 2006 | ||
=7 | Georgia | 3.3 years | 2006 | ||
=7 | Bulgaria | 3.3 years | 2006 | ||
10 | Croatia | 3.1 years | 2006 | ||
11 | Poland | 3 years | 2006 | ||
12 | Ukraine | 2.9 years | 2006 | ||
13 | Moldova | 2.8 years | 2006 | ||
14 | Azerbaijan | 2.7 years | 2006 | ||
15 | Serbia and Montenegro | 2.6 years | 2004 | ||
=16 | Hungary | 2 years | 2006 | ||
=16 | Slovenia | 2 years | 2006 | ||
18 | Armenia | 1.9 years | 2006 |