This topic identifies weaknesses in existing bankruptcy law and the main procedural and administrative bottlenecks in the bankruptcy process.
The data appearing on this page was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small to medium-sized domestic business in 183 economies. The most recent round of data collection for the project was completed in June 2011.
= Subnational Doing Business data available.
Download this year's topic chapter. This material is not included in the Doing Business 2012 report.
Case studies
Reform summaries
The average time to close a business. Information is collected on the sequence of procedures and on whether any procedures can be carried out simultaneously.
The average cost of bankruptcy proceedings. The cost of the proceedings is recorded as a percentage of the estate’s value.
The recovery rate calculates how many cents on the dollar claimants (creditors, tax authorities, and employees) recover from an insolvent firm.
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