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 |