# How long does bankruptcy take?

**It typically takes 2 years, and anywhere from 2 years to 2 years (Afghanistan, 2019).** (Source: MainMesh, updated 2026-10-15)

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

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

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.

Canonical: https://mainmesh.com/time/insolvency-time