Government > 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
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| # | COUNTRY | AMOUNT | DATE | GRAPH | HISTORY |
|---|---|---|---|---|---|
| =1 | Chad | 10 years | 2006 | ||
| =1 | India | 10 years | 2006 | ||
| 3 | Czech Republic | 9.2 years | 2006 | ||
| =4 | Mauritania | 8 years | 2006 | ||
| =4 | Ecuador | 8 years | 2006 | ||
| 6 | Maldives | 6.7 years | 2006 | ||
| 7 | Angola | 6.2 years | 2006 | ||
| 8 | Turkey | 5.9 years | 2006 | ||
| 9 | Belarus | 5.8 years | 2006 | ||
| =10 | Haiti | 5.7 years | 2006 | ||
| =10 | Philippines | 5.7 years | 2006 | ||
| 12 | Chile | 5.6 years | 2006 | ||
| 13 | Indonesia | 5.5 years | 2006 | ||
| 14 | Federated States of Micronesia | 5.3 years | 2006 | ||
| 15 | Democratic Republic of the Congo | 5.2 years | 2006 | ||
| 16 | United Arab Emirates | 5.1 years | 2006 | ||
| =17 | Djibouti | 5 years | 2006 | ||
| =17 | Niger | 5 years | 2006 | ||
| =17 | Mozambique | 5 years | 2006 | ||
| =17 | Vietnam | 5 years | 2006 | ||
| =17 | Laos | 5 years | 2006 | ||
| =17 | Gabon | 5 years | 2006 | ||
| =17 | Suriname | 5 years | 2006 | ||
| =17 | Nepal | 5 years | 2006 | ||
| 25 | Central African Republic | 4.8 years | 2006 | ||
| 26 | Romania | 4.6 years | 2006 | ||
| =27 | Iran | 4.5 years | 2006 | ||
| =27 | Kenya | 4.5 years | 2006 | ||
| Former French colonies average (profile) | 4.3 years | 2006 | |||
| 29 | Jordan | 4.3 years | 2006 | ||
| =30 | Egypt | 4.2 years | 2006 | ||
| =30 | Kuwait | 4.2 years | 2006 | ||
| 32 | Syria | 4.1 years | 2006 | ||
| =33 | Burkina Faso | 4 years | 2006 | ||
| =33 | Slovakia | 4 years | 2006 | ||
| =33 | Bangladesh | 4 years | 2006 | ||
| =33 | El Salvador | 4 years | 2006 | ||
| =33 | Lebanon | 4 years | 2006 | ||
| =33 | Uzbekistan | 4 years | 2006 | ||
| =33 | Israel | 4 years | 2006 | ||
| =33 | Venezuela | 4 years | 2006 | ||
| =33 | Oman | 4 years | 2006 | ||
| =33 | Albania | 4 years | 2006 | ||
| =33 | Mongolia | 4 years | 2006 | ||
| =33 | Benin | 4 years | 2006 | ||
| =33 | Brazil | 4 years | 2006 | ||
| =33 | Burundi | 4 years | 2006 | ||
| =33 | Kyrgyzstan | 4 years | 2006 | ||
| 48 | Paraguay | 3.9 years | 2006 | ||
| =49 | Guinea | 3.8 years | 2006 | ||
| =49 | Russia | 3.8 years | 2006 | ||
| =49 | Puerto Rico | 3.8 years | 2006 | ||
| =49 | Honduras | 3.8 years | 2006 | ||
| Emerging markets average (profile) | 3.64 years | 2006 | |||
| Eastern Europe average (profile) | 3.63 years | 2006 | |||
| 53 | Mali | 3.6 years | 2006 | ||
| Former Spanish colonies average (profile) | 3.57 years | 2006 | |||
| =54 | Dominican Republic | 3.5 years | 2006 | ||
| =54 | Costa Rica | 3.5 years | 2006 | ||
| =56 | Bosnia and Herzegovina | 3.3 years | 2006 | ||
| =56 | Georgia | 3.3 years | 2006 | ||
| =56 | Zimbabwe | 3.3 years | 2006 | ||
| =56 | Bulgaria | 3.3 years | 2006 | ||
| =56 | Kazakhstan | 3.3 years | 2006 | ||
| Former Soviet republics average (profile) | 3.23 years | 2006 | |||
| 61 | Cameroon | 3.2 years | 2006 | ||
| =62 | Peru | 3.1 years | 2006 | ||
| =62 | Croatia | 3.1 years | 2006 | ||
| =62 | Zambia | 3.1 years | 2006 | ||
| =65 | Tanzania | 3 years | 2006 | ||
| =65 | Congo, Republic of the | 3 years | 2006 | ||
| =65 | Tajikistan | 3 years | 2006 | ||
| =65 | Denmark | 3 years | 2006 | ||
| =65 | Estonia | 3 years | 2006 | ||
| =65 | Colombia | 3 years | 2006 | ||
| =65 | Senegal | 3 years | 2006 | ||
| =65 | Papua New Guinea | 3 years | 2006 | ||
| =65 | The Gambia | 3 years | 2006 | ||
| =65 | Guatemala | 3 years | 2006 | ||
| =65 | Yemen | 3 years | 2006 | ||
| =65 | Togo | 3 years | 2006 | ||
| =65 | Latvia | 3 years | 2006 | ||
| =65 | Switzerland | 3 years | 2006 | ||
| =65 | Antigua and Barbuda | 3 years | 2006 | ||
| =65 | Poland | 3 years | 2006 | ||
| 81 | Ukraine | 2.9 years | 2006 | ||
| =82 | Moldova | 2.8 years | 2006 | ||
| =82 | Argentina | 2.8 years | 2006 | ||
| =82 | Saudi Arabia | 2.8 years | 2006 | ||
| =82 | Pakistan | 2.8 years | 2006 | ||
| Non-religious countries average (profile) | 2.72 years | 2006 | |||
| =86 | Thailand | 2.7 years | 2006 | ||
| =86 | Azerbaijan | 2.7 years | 2006 | ||
| =86 | Tonga | 2.7 years | 2006 | ||
| =89 | Vanuatu | 2.6 years | 2006 | ||
| =89 | Malawi | 2.6 years | 2006 | ||
| =89 | Sierra Leone | 2.6 years | 2006 | ||
| =89 | Lesotho | 2.6 years | 2006 | ||
| =89 | Serbia and Montenegro | 2.6 years | 2004 | ||
| NATO countries average (profile) | 2.59 years | 2006 | |||
| =94 | Panama | 2.5 years | 2006 | ||
| =94 | Samoa | 2.5 years | 2006 | ||
| =94 | Algeria | 2.5 years | 2006 | ||
| =97 | Ethiopia | 2.4 years | 2006 | ||
| =97 | China | 2.4 years | 2006 | ||
| European Union average (profile) | 2.37 years | 2006 | |||
| 99 | Malaysia | 2.3 years | 2006 | ||
| =100 | Cote d'Ivoire | 2.2 years | 2006 | ||
| =100 | Uganda | 2.2 years | 2006 | ||
| =100 | Nicaragua | 2.2 years | 2006 | ||
| =100 | Sri Lanka | 2.2 years | 2006 | ||
| High income OECD countries average (profile) | 2.11 years | 2006 | |||
| 104 | Uruguay | 2.1 years | 2006 | ||
| =105 | Swaziland | 2 years | 2006 | ||
| =105 | Portugal | 2 years | 2006 | ||
| =105 | Hungary | 2 years | 2006 | ||
| =105 | Greece | 2 years | 2006 | ||
| =105 | Slovenia | 2 years | 2006 | ||
| =105 | New Zealand | 2 years | 2006 | ||
| =105 | Saint Lucia | 2 years | 2006 | ||
| =105 | Sweden | 2 years | 2006 | ||
| =105 | South Africa | 2 years | 2006 | ||
| =105 | Marshall Islands | 2 years | 2006 | ||
| =105 | Guyana | 2 years | 2006 | ||
| =116 | France | 1.9 years | 2006 | ||
| =116 | Ghana | 1.9 years | 2006 | ||
| =116 | Armenia | 1.9 years | 2006 | ||
| =119 | Fiji | 1.8 years | 2006 | ||
| =119 | Morocco | 1.8 years | 2006 | ||
| =119 | Mexico | 1.8 years | 2006 | ||
| =119 | Bolivia | 1.8 years | 2006 | ||
| Eurozone average (profile) | 1.75 years | 2006 | |||
| =123 | Eritrea | 1.7 years | 2006 | ||
| =123 | Lithuania | 1.7 years | 2006 | ||
| =123 | Mauritius | 1.7 years | 2006 | ||
| =123 | Netherlands | 1.7 years | 2006 | ||
| =127 | Namibia | 1.5 years | 2006 | ||
| =127 | United States | 1.5 years | 2006 | ||
| =127 | Nigeria | 1.5 years | 2006 | ||
| =127 | South Korea | 1.5 years | 2006 | ||
| =131 | Tunisia | 1.3 years | 2006 | ||
| =131 | Botswana | 1.3 years | 2006 | ||
| =133 | Germany | 1.2 years | 2006 | ||
| =133 | Italy | 1.2 years | 2006 | ||
| Group of 7 countries (G7) average (profile) | 1.17 years | 2006 | |||
| =135 | Austria | 1.1 years | 2006 | ||
| =135 | Jamaica | 1.1 years | 2006 | ||
| =135 | Hong Kong | 1.1 years | 2006 | ||
| =138 | Iceland | 1 years | 2006 | ||
| =138 | Solomon Islands | 1 years | 2006 | ||
| =138 | Spain | 1 years | 2006 | ||
| =138 | United Kingdom | 1 years | 2006 | ||
| =138 | Belize | 1 years | 2006 | ||
| =138 | Australia | 1 years | 2006 | ||
| =138 | Palau | 1 years | 2006 | ||
| =145 | Belgium | 0.9 years | 2006 | ||
| =145 | Finland | 0.9 years | 2006 | ||
| =145 | Norway | 0.9 years | 2006 | ||
| =148 | Singapore | 0.8 years | 2006 | ||
| =148 | Canada | 0.8 years | 2006 | ||
| 150 | Japan | 0.6 years | 2006 | ||
| 151 | Ireland | 0.4 years | 2006 |