The time it takes to resolve business insolvencies has been gradually decreasing over the last two decades, with the global average time to resolution sitting at **** years in 2019. This compares to an average of **** years in 2003.
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World Bank. (April 9, 2020). Average time to resolve business insolvencies worldwide from 2003 to 2019 (in years) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 28, 2026, from /statistics/1116458/business-insolvencies-time-resolve-worldwide/
World Bank. "Average time to resolve business insolvencies worldwide from 2003 to 2019 (in years)." Chart. April 9, 2020. ÌÇÐÄÆƽâ°æ. Accessed July 28, 2026. /statistics/1116458/business-insolvencies-time-resolve-worldwide/
World Bank. (2020). Average time to resolve business insolvencies worldwide from 2003 to 2019 (in years). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 28, 2026. /statistics/1116458/business-insolvencies-time-resolve-worldwide/
World Bank. "Average Time to Resolve Business Insolvencies Worldwide from 2003 to 2019 (in Years)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 9 Apr 2020, /statistics/1116458/business-insolvencies-time-resolve-worldwide/
World Bank, Average time to resolve business insolvencies worldwide from 2003 to 2019 (in years) ÌÇÐÄÆƽâ°æ, /statistics/1116458/business-insolvencies-time-resolve-worldwide/ (last visited July 28, 2026)
Average time to resolve business insolvencies worldwide from 2003 to 2019 (in years) [Graph], World Bank, April 9, 2020. [Online]. Available: /statistics/1116458/business-insolvencies-time-resolve-worldwide/
