Former Spanish colonies 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 | Ecuador | 8 years | 2006 | ||
| 2 | Philippines | 5.7 years | 2006 | ||
| 3 | Chile | 5.6 years | 2006 | ||
| =4 | Venezuela | 4 years | 2006 | ||
| =4 | El Salvador | 4 years | 2006 | ||
| 6 | Paraguay | 3.9 years | 2006 | ||
| 7 | Honduras | 3.8 years | 2006 | ||
| =8 | Dominican Republic | 3.5 years | 2006 | ||
| =8 | Costa Rica | 3.5 years | 2006 | ||
| 10 | Peru | 3.1 years | 2006 | ||
| =11 | Colombia | 3 years | 2006 | ||
| =11 | Guatemala | 3 years | 2006 | ||
| 13 | Argentina | 2.8 years | 2006 | ||
| 14 | Panama | 2.5 years | 2006 | ||
| 15 | Nicaragua | 2.2 years | 2006 | ||
| 16 | Uruguay | 2.1 years | 2006 | ||
| =17 | Mexico | 1.8 years | 2006 | ||
| =17 | Bolivia | 1.8 years | 2006 |
