Since the onset of the economic crisis in 2008, the governments were determined to reform their bankruptcy law, by improving it, especially in the EU member states, taking into account the fact that bankruptcies are an important issue for their economies. This article aims to analyze the impact of the financial crisis on the corporate insolvency’s evolution and the changes in the insolvency regime in the EU, US and China and the economic impact of legal and administrative procedures for insolvency. We want to highlight the main differences between these economies and to analyze the factors of success of the US, a country that overcame the negative effects of the global economic crisis in terms of insolvencies.