Abstract |
The present paper analyzes the following indicators used in insolvency procedures at EU level: period of time in which the insolvency procedure takes place, the share of cost in total assets in insolvency, recovery rate of creditor claims. These indicators are analyzed for the period 2009-2013. At EU level we found that the time to solve an insolvency case maintains constant, except for the Czech Republic where a reduction by half is registered. The share of cost of an insolvency procedure in total assets is maintained constant, an exception being Austria where it is reduced almost half. The recovery rate of creditor claims in EU is highest in Finland 90.2%, Netherlands 89.2%, Belgium 89%, England 88.6%, and Romania ranking last with 30%. |