This statistic shows the share of insolvency costs in total liquidated assets in the Benelux in 2015. Of the Benelux-countries, Luxembourg relatively had the most costs for insolvency with a share of approximately 15 percent.
Share of insolvency costs in total liquidated assets in the Benelux in 2015
Characteristic
Share of insolvency costs
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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. (November 21, 2017). Share of insolvency costs in total liquidated assets in the Benelux in 2015 [Graph]. In Statista. Retrieved July 27, 2024, from https://www.statista.com/statistics/621711/share-of-insolvency-costs-in-total-liquidated-assets-in-the-benelux/
Statista. "Share of insolvency costs in total liquidated assets in the Benelux in 2015." Chart. November 21, 2017. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/621711/share-of-insolvency-costs-in-total-liquidated-assets-in-the-benelux/
Statista. (2017). Share of insolvency costs in total liquidated assets in the Benelux in 2015. Statista. Statista Inc.. Accessed: July 27, 2024. https://www.statista.com/statistics/621711/share-of-insolvency-costs-in-total-liquidated-assets-in-the-benelux/
Statista. "Share of Insolvency Costs in Total Liquidated Assets in The Benelux in 2015." Statista, Statista Inc., 21 Nov 2017, https://www.statista.com/statistics/621711/share-of-insolvency-costs-in-total-liquidated-assets-in-the-benelux/
Statista, Share of insolvency costs in total liquidated assets in the Benelux in 2015 Statista, https://www.statista.com/statistics/621711/share-of-insolvency-costs-in-total-liquidated-assets-in-the-benelux/ (last visited July 27, 2024)
Share of insolvency costs in total liquidated assets in the Benelux in 2015 [Graph], Statista, November 21, 2017. [Online]. Available: https://www.statista.com/statistics/621711/share-of-insolvency-costs-in-total-liquidated-assets-in-the-benelux/
