Former Spanish colonies Compared by Economy > 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
| # | COUNTRY | AMOUNT | DATE | GRAPH | HISTORY |
|---|---|---|---|---|---|
| 1 | Philippines | 5.7 | 2009 | ||
| 2 | Ecuador | 5.3 | 2009 | ||
| 3 | Chile | 4.5 | 2009 | ||
| =4 | El Salvador | 4 | 2009 | ||
| =4 | Venezuela | 4 | 2009 | ||
| 6 | Paraguay | 3.9 | 2009 | ||
| 7 | Honduras | 3.8 | 2009 | ||
| =8 | Dominican Republic | 3.5 | 2009 | ||
| =8 | Costa Rica | 3.5 | 2009 | ||
| 10 | Peru | 3.1 | 2009 | ||
| =11 | Colombia | 3 | 2009 | ||
| =11 | Guatemala | 3 | 2009 | ||
| 13 | Argentina | 2.8 | 2009 | ||
| 14 | Panama | 2.5 | 2009 | ||
| 15 | Nicaragua | 2.2 | 2009 | ||
| 16 | Uruguay | 2.1 | 2009 | ||
| =17 | Mexico | 1.8 | 2009 | ||
| =17 | Bolivia | 1.8 | 2009 |
