Skip to content
MainMesh

How long does bankruptcy take?

Years a standard company insolvency case takes, for each country (World Bank Doing Business).

It typically takes 2 years, and anywhere from 2 years to 2 years (Afghanistan, 2019).

♡ Like · 0 Save Change content Your price 1 views
Time to resolve insolvency by country: low, typical and high (years)
Country or regionLowTypicalHighYearSource
Afghanistan 2s 2s 2s 2019 World Bank Doing Business (CC BY 4.0)
Albania 2s 2s 2s 2019 World Bank Doing Business (CC BY 4.0)
Algeria 1.3s 1.3s 1.3s 2019 World Bank Doing Business (CC BY 4.0)
Antigua and Barbuda 3s 3s 3s 2019 World Bank Doing Business (CC BY 4.0)
Argentina 2.4s 2.4s 2.4s 2019 World Bank Doing Business (CC BY 4.0)
Armenia 1.9s 1.9s 1.9s 2019 World Bank Doing Business (CC BY 4.0)
Australia 1 1 1 2019 World Bank Doing Business (CC BY 4.0)
Austria 1.1s 1.1s 1.1s 2019 World Bank Doing Business (CC BY 4.0)
Azerbaijan 1.5s 1.5s 1.5s 2019 World Bank Doing Business (CC BY 4.0)
Bahamas, The 3s 3s 3s 2019 World Bank Doing Business (CC BY 4.0)
Bahrain 2.5s 2.5s 2.5s 2019 World Bank Doing Business (CC BY 4.0)
Bangladesh 4s 4s 4s 2019 World Bank Doing Business (CC BY 4.0)
Barbados 1.8s 1.8s 1.8s 2019 World Bank Doing Business (CC BY 4.0)
Belarus 1.5s 1.5s 1.5s 2019 World Bank Doing Business (CC BY 4.0)
Belgium 0.9s 0.9s 0.9s 2019 World Bank Doing Business (CC BY 4.0)
Belize 2s 2s 2s 2019 World Bank Doing Business (CC BY 4.0)
Benin 4s 4s 4s 2019 World Bank Doing Business (CC BY 4.0)
Bolivia 1.8s 1.8s 1.8s 2019 World Bank Doing Business (CC BY 4.0)
Bosnia and Herzegovina 3.3s 3.3s 3.3s 2019 World Bank Doing Business (CC BY 4.0)
Botswana 1.7s 1.7s 1.7s 2019 World Bank Doing Business (CC BY 4.0)
Brazil 4s 4s 4s 2019 World Bank Doing Business (CC BY 4.0)
Brunei Darussalam 2.5s 2.5s 2.5s 2019 World Bank Doing Business (CC BY 4.0)
Bulgaria 3.3s 3.3s 3.3s 2019 World Bank Doing Business (CC BY 4.0)
Burkina Faso 4s 4s 4s 2019 World Bank Doing Business (CC BY 4.0)
Burundi 5s 5s 5s 2019 World Bank Doing Business (CC BY 4.0)
Cambodia 6s 6s 6s 2019 World Bank Doing Business (CC BY 4.0)
Cameroon 2.8s 2.8s 2.8s 2019 World Bank Doing Business (CC BY 4.0)
Canada 0.8s 0.8s 0.8s 2019 World Bank Doing Business (CC BY 4.0)
Central African Republic 4.8s 4.8s 4.8s 2019 World Bank Doing Business (CC BY 4.0)
Chad 4s 4s 4s 2019 World Bank Doing Business (CC BY 4.0)
Chile 2s 2s 2s 2019 World Bank Doing Business (CC BY 4.0)
China 1.7s 1.7s 1.7s 2019 World Bank Doing Business (CC BY 4.0)
Colombia 1.7s 1.7s 1.7s 2019 World Bank Doing Business (CC BY 4.0)
Congo, Rep. 3.3s 3.3s 3.3s 2019 World Bank Doing Business (CC BY 4.0)
Costa Rica 3s 3s 3s 2019 World Bank Doing Business (CC BY 4.0)
Croatia 3.1s 3.1s 3.1s 2019 World Bank Doing Business (CC BY 4.0)
Cyprus 1.5s 1.5s 1.5s 2019 World Bank Doing Business (CC BY 4.0)
Denmark 1 1 1 2019 World Bank Doing Business (CC BY 4.0)
Djibouti 1.5s 1.5s 1.5s 2019 World Bank Doing Business (CC BY 4.0)
Dominica 4s 4s 4s 2019 World Bank Doing Business (CC BY 4.0)
Dominican Republic 3.5s 3.5s 3.5s 2019 World Bank Doing Business (CC BY 4.0)
Ecuador 5.3s 5.3s 5.3s 2019 World Bank Doing Business (CC BY 4.0)
Egypt, Arab Rep. 2.5s 2.5s 2.5s 2019 World Bank Doing Business (CC BY 4.0)
El Salvador 3.5s 3.5s 3.5s 2019 World Bank Doing Business (CC BY 4.0)
Estonia 3s 3s 3s 2019 World Bank Doing Business (CC BY 4.0)
Eswatini 2s 2s 2s 2019 World Bank Doing Business (CC BY 4.0)
Ethiopia 3s 3s 3s 2019 World Bank Doing Business (CC BY 4.0)
Fiji 1.8s 1.8s 1.8s 2019 World Bank Doing Business (CC BY 4.0)
Finland 0.9s 0.9s 0.9s 2019 World Bank Doing Business (CC BY 4.0)
France 1.9s 1.9s 1.9s 2019 World Bank Doing Business (CC BY 4.0)
Gabon 5s 5s 5s 2019 World Bank Doing Business (CC BY 4.0)
Gambia, The 2s 2s 2s 2019 World Bank Doing Business (CC BY 4.0)
Georgia 2s 2s 2s 2019 World Bank Doing Business (CC BY 4.0)
Germany 1.2s 1.2s 1.2s 2019 World Bank Doing Business (CC BY 4.0)
Ghana 1.9s 1.9s 1.9s 2019 World Bank Doing Business (CC BY 4.0)
Greece 3.5s 3.5s 3.5s 2019 World Bank Doing Business (CC BY 4.0)
Guatemala 3s 3s 3s 2019 World Bank Doing Business (CC BY 4.0)
Guinea 3.8s 3.8s 3.8s 2019 World Bank Doing Business (CC BY 4.0)
Guyana 3s 3s 3s 2019 World Bank Doing Business (CC BY 4.0)
Honduras 3.8s 3.8s 3.8s 2019 World Bank Doing Business (CC BY 4.0)
Hungary 2s 2s 2s 2019 World Bank Doing Business (CC BY 4.0)
Iceland 1 1 1 2019 World Bank Doing Business (CC BY 4.0)
India 1.6s 1.6s 1.6s 2019 World Bank Doing Business (CC BY 4.0)
Indonesia 1.1s 1.1s 1.1s 2019 World Bank Doing Business (CC BY 4.0)
Iran, Islamic Rep. 1.5s 1.5s 1.5s 2019 World Bank Doing Business (CC BY 4.0)
Ireland 0.4s 0.4s 0.4s 2019 World Bank Doing Business (CC BY 4.0)
Israel 2s 2s 2s 2019 World Bank Doing Business (CC BY 4.0)
Italy 1.8s 1.8s 1.8s 2019 World Bank Doing Business (CC BY 4.0)
Jamaica 1.1s 1.1s 1.1s 2019 World Bank Doing Business (CC BY 4.0)
Japan 0.6s 0.6s 0.6s 2019 World Bank Doing Business (CC BY 4.0)
Jordan 3s 3s 3s 2019 World Bank Doing Business (CC BY 4.0)
Kazakhstan 1.5s 1.5s 1.5s 2019 World Bank Doing Business (CC BY 4.0)
Kenya 4.5s 4.5s 4.5s 2019 World Bank Doing Business (CC BY 4.0)
Korea, Rep. 1.5s 1.5s 1.5s 2019 World Bank Doing Business (CC BY 4.0)
Kosovo 2s 2s 2s 2019 World Bank Doing Business (CC BY 4.0)
Kuwait 4.2s 4.2s 4.2s 2019 World Bank Doing Business (CC BY 4.0)
Kyrgyz Republic 1.5s 1.5s 1.5s 2019 World Bank Doing Business (CC BY 4.0)
Latvia 1.5s 1.5s 1.5s 2019 World Bank Doing Business (CC BY 4.0)
Lebanon 3s 3s 3s 2019 World Bank Doing Business (CC BY 4.0)
Lesotho 2.6s 2.6s 2.6s 2019 World Bank Doing Business (CC BY 4.0)
Liberia 3s 3s 3s 2019 World Bank Doing Business (CC BY 4.0)
Liechtenstein 1.5s 1.5s 1.5s 2019 World Bank Doing Business (CC BY 4.0)
Lithuania 2.3s 2.3s 2.3s 2019 World Bank Doing Business (CC BY 4.0)
Luxembourg 2s 2s 2s 2019 World Bank Doing Business (CC BY 4.0)
Madagascar 3s 3s 3s 2019 World Bank Doing Business (CC BY 4.0)
Malawi 2.6s 2.6s 2.6s 2019 World Bank Doing Business (CC BY 4.0)
Malaysia 1 1 1 2019 World Bank Doing Business (CC BY 4.0)
Maldives 1.5s 1.5s 1.5s 2019 World Bank Doing Business (CC BY 4.0)
Mali 3.6s 3.6s 3.6s 2019 World Bank Doing Business (CC BY 4.0)
Malta 3s 3s 3s 2019 World Bank Doing Business (CC BY 4.0)
Marshall Islands 2s 2s 2s 2019 World Bank Doing Business (CC BY 4.0)
Mauritius 1.7s 1.7s 1.7s 2019 World Bank Doing Business (CC BY 4.0)
Mexico 1.8s 1.8s 1.8s 2019 World Bank Doing Business (CC BY 4.0)
Micronesia, Fed. Sts. 5.3s 5.3s 5.3s 2019 World Bank Doing Business (CC BY 4.0)
Moldova 2.8s 2.8s 2.8s 2019 World Bank Doing Business (CC BY 4.0)
Mongolia 4s 4s 4s 2019 World Bank Doing Business (CC BY 4.0)
Montenegro 1.4s 1.4s 1.4s 2019 World Bank Doing Business (CC BY 4.0)
Morocco 3.5s 3.5s 3.5s 2019 World Bank Doing Business (CC BY 4.0)
Mozambique 1.5s 1.5s 1.5s 2019 World Bank Doing Business (CC BY 4.0)
Myanmar 5s 5s 5s 2019 World Bank Doing Business (CC BY 4.0)
Namibia 2.5s 2.5s 2.5s 2019 World Bank Doing Business (CC BY 4.0)
Nepal 2s 2s 2s 2019 World Bank Doing Business (CC BY 4.0)
Netherlands 1.1s 1.1s 1.1s 2019 World Bank Doing Business (CC BY 4.0)
New Zealand 1.3s 1.3s 1.3s 2019 World Bank Doing Business (CC BY 4.0)
Nicaragua 2.2s 2.2s 2.2s 2019 World Bank Doing Business (CC BY 4.0)
Niger 5s 5s 5s 2019 World Bank Doing Business (CC BY 4.0)
Nigeria 2s 2s 2s 2019 World Bank Doing Business (CC BY 4.0)
North Macedonia 1.5s 1.5s 1.5s 2019 World Bank Doing Business (CC BY 4.0)
Norway 0.9s 0.9s 0.9s 2019 World Bank Doing Business (CC BY 4.0)
Oman 3s 3s 3s 2019 World Bank Doing Business (CC BY 4.0)
Pakistan 2.6s 2.6s 2.6s 2019 World Bank Doing Business (CC BY 4.0)
Palau 2s 2s 2s 2019 World Bank Doing Business (CC BY 4.0)
Panama 2.5s 2.5s 2.5s 2019 World Bank Doing Business (CC BY 4.0)
Papua New Guinea 3s 3s 3s 2019 World Bank Doing Business (CC BY 4.0)
Paraguay 3.9s 3.9s 3.9s 2019 World Bank Doing Business (CC BY 4.0)
Peru 3.1s 3.1s 3.1s 2019 World Bank Doing Business (CC BY 4.0)
Philippines 2.7s 2.7s 2.7s 2019 World Bank Doing Business (CC BY 4.0)
Poland 3s 3s 3s 2019 World Bank Doing Business (CC BY 4.0)
Portugal 3s 3s 3s 2019 World Bank Doing Business (CC BY 4.0)
Qatar 2.8s 2.8s 2.8s 2019 World Bank Doing Business (CC BY 4.0)
Romania 3.3s 3.3s 3.3s 2019 World Bank Doing Business (CC BY 4.0)
Russian Federation 2s 2s 2s 2019 World Bank Doing Business (CC BY 4.0)
Rwanda 2.5s 2.5s 2.5s 2019 World Bank Doing Business (CC BY 4.0)
Samoa 2s 2s 2s 2019 World Bank Doing Business (CC BY 4.0)
San Marino 2.3s 2.3s 2.3s 2019 World Bank Doing Business (CC BY 4.0)
Senegal 3s 3s 3s 2019 World Bank Doing Business (CC BY 4.0)
Serbia 2s 2s 2s 2019 World Bank Doing Business (CC BY 4.0)
Seychelles 2s 2s 2s 2019 World Bank Doing Business (CC BY 4.0)
Sierra Leone 2.3s 2.3s 2.3s 2019 World Bank Doing Business (CC BY 4.0)
Singapore 0.8s 0.8s 0.8s 2019 World Bank Doing Business (CC BY 4.0)
Slovak Republic 4s 4s 4s 2019 World Bank Doing Business (CC BY 4.0)
Slovenia 0.8s 0.8s 0.8s 2019 World Bank Doing Business (CC BY 4.0)
Solomon Islands 1 1 1 2019 World Bank Doing Business (CC BY 4.0)
South Africa 2s 2s 2s 2019 World Bank Doing Business (CC BY 4.0)
Spain 1.5s 1.5s 1.5s 2019 World Bank Doing Business (CC BY 4.0)
Sri Lanka 1.7s 1.7s 1.7s 2019 World Bank Doing Business (CC BY 4.0)
St. Lucia 2s 2s 2s 2019 World Bank Doing Business (CC BY 4.0)
Sudan 2s 2s 2s 2019 World Bank Doing Business (CC BY 4.0)
Suriname 5s 5s 5s 2019 World Bank Doing Business (CC BY 4.0)
Sweden 2s 2s 2s 2019 World Bank Doing Business (CC BY 4.0)
Switzerland 3s 3s 3s 2019 World Bank Doing Business (CC BY 4.0)
Syrian Arab Republic 4.1s 4.1s 4.1s 2019 World Bank Doing Business (CC BY 4.0)
Tajikistan 1.7s 1.7s 1.7s 2019 World Bank Doing Business (CC BY 4.0)
Tanzania 3s 3s 3s 2019 World Bank Doing Business (CC BY 4.0)
Thailand 1.5s 1.5s 1.5s 2019 World Bank Doing Business (CC BY 4.0)
Togo 3s 3s 3s 2019 World Bank Doing Business (CC BY 4.0)
Tonga 2.7s 2.7s 2.7s 2019 World Bank Doing Business (CC BY 4.0)
Trinidad and Tobago 2.5s 2.5s 2.5s 2019 World Bank Doing Business (CC BY 4.0)
Tunisia 1.3s 1.3s 1.3s 2019 World Bank Doing Business (CC BY 4.0)
Uganda 2.2s 2.2s 2.2s 2019 World Bank Doing Business (CC BY 4.0)
Ukraine 2.9s 2.9s 2.9s 2019 World Bank Doing Business (CC BY 4.0)
United Arab Emirates 3.2s 3.2s 3.2s 2019 World Bank Doing Business (CC BY 4.0)
United Kingdom 1 1 1 2019 World Bank Doing Business (CC BY 4.0)
United States 1 1 1 2019 World Bank Doing Business (CC BY 4.0)
Uruguay 1.8s 1.8s 1.8s 2019 World Bank Doing Business (CC BY 4.0)
Uzbekistan 2s 2s 2s 2019 World Bank Doing Business (CC BY 4.0)
Vanuatu 2.6s 2.6s 2.6s 2019 World Bank Doing Business (CC BY 4.0)
Venezuela, RB 4s 4s 4s 2019 World Bank Doing Business (CC BY 4.0)
Yemen, Rep. 3s 3s 3s 2019 World Bank Doing Business (CC BY 4.0)
Zambia 1 1 1 2019 World Bank Doing Business (CC BY 4.0)
Zimbabwe 3.3s 3.3s 3.3s 2019 World Bank Doing Business (CC BY 4.0)

Checked Oct 15, 2026. Low and high show the range inside each country.

Years from the moment of default to the moment creditors recover what they can in a standard insolvency case. The World Bank discontinued the Doing Business report in 2021, so these figures come from its last editions (2019 or 2020 per country) and the year is shown on each card. They describe the largest business city and a standard case study, not every situation.

Which price is closest to what you found or paid?

Sign in with Google or Discord to vote or give your own price.

  • Your own price

    Paid something different? Write your own price and vote for it. We ask you to sign in when you send it.

Which version of the text is better?

Sign in with Google or Discord to vote or write your own version. A community version becomes the default once it has more votes than the official text and at least 3 votes.

  • Official shown by default 0 · 0%
    Sign in to vote

  • Your own version

    Think you can word it better? Write your own text. It appears here after an admin approves it, and it counts as your vote.

    Sign in to write your own
Spotted a wrong number? Report it

Sign in with Google or Discord to send a report.

More in Legal

⚖️ Legal Time

How long does it take to enforce a contract in court?

Days from filing a commercial lawsuit to payment, for each country (World Bank Doing Business).

Typical: 164 days

Last updated · How we get these numbers