Share of insolvency costs in total liquidated assets in the Benelux 2015

Share of insolvency costs in total liquidated assets in the Benelux in 2015

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Sources

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Release date

November 2017

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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