Table 2 Top 20 Countries in Resolving Insolvency and their Strength of Insolvency Framework. Data Source: Resolving Insolvency—World Bank Report [55]
Country | Strength of insolvency framework | Resolving insolvency rank | Country | Strength of insolvency framework | Resolving insolvency rank |
|---|---|---|---|---|---|
Finland | 14.5 | 1 | Korea Republic | 12.0 | 11 |
USA | 15.0 | 2 | Iceland | 11.5 | 12 |
Japan | 13.0 | 3 | Canada | 11.0 | 13 |
Germany | 15.0 | 4 | United Kingdom (UK) | 11.0 | 14 |
Norway | 11.5 | 5 | Portugal | 14.5 | 15 |
Denmark | 12.0 | 6 | Czech Republic | 14.0 | 16 |
Netherlands | 11.5 | 7 | Sweden | 12.0 | 17 |
Slovenia | 11.5 | 8 | Spain | 12.0 | 18 |
Belgium | 11.5 | 9 | Ireland | 10.5 | 19 |
Puerto Rico | 15.0 | 10 | Australia | 11.0 | 20 |