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

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

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Sources

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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