Average length of insolvency procedures in the Benelux 2015, by country

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

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Sources

Release date

February 2018

Region

Belgium, Luxembourg, Netherlands

Survey time period

2015

Supplementary notes

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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Statistics on "Leading banks in the Benelux"

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