This statistic shows the average length of insolvency procedures in the Benelux in 2015, by country (in years). Of the Benelux countries, Luxembourg has the longest procedure for insolvency with an average length of approximately two years.
Average length of insolvency procedures in the Benelux in 2015, by country
(in years)
Insolvency from a legal standpoint means a person or a company is unable to pay monetary obligations in a timely manner. This unlike the state of bankruptcy, which is a court order that defines how a debtor will meet his or her obligations. The source states that, 'from the perspective of a bank, the speed and costs of an insolvency procedure is of great importance'. Also, 'relatively many non-performing loans' can be found at banks from countries with high costs and a long procedure for insolvency.
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Statista. (February 19, 2018). Average length of insolvency procedures in the Benelux in 2015, by country (in years) [Graph]. In Statista. Retrieved October 10, 2024, from https://www.statista.com/statistics/621635/average-length-of-insolvency-procedures-in-the-benelux-by-country/
Statista. "Average length of insolvency procedures in the Benelux in 2015, by country (in years)." Chart. February 19, 2018. Statista. Accessed October 10, 2024. https://www.statista.com/statistics/621635/average-length-of-insolvency-procedures-in-the-benelux-by-country/
Statista. (2018). Average length of insolvency procedures in the Benelux in 2015, by country (in years). Statista. Statista Inc.. Accessed: October 10, 2024. https://www.statista.com/statistics/621635/average-length-of-insolvency-procedures-in-the-benelux-by-country/
Statista. "Average Length of Insolvency Procedures in The Benelux in 2015, by Country (in Years)." Statista, Statista Inc., 19 Feb 2018, https://www.statista.com/statistics/621635/average-length-of-insolvency-procedures-in-the-benelux-by-country/
Statista, Average length of insolvency procedures in the Benelux in 2015, by country (in years) Statista, https://www.statista.com/statistics/621635/average-length-of-insolvency-procedures-in-the-benelux-by-country/ (last visited October 10, 2024)
Average length of insolvency procedures in the Benelux in 2015, by country (in years) [Graph], Statista, February 19, 2018. [Online]. Available: https://www.statista.com/statistics/621635/average-length-of-insolvency-procedures-in-the-benelux-by-country/
