Philippines - Time to resolve insolvency
Time to resolve insolvency (years)
Time to resolve insolvency (years) in Philippines was 5.70 as of 2011. Its highest value over the past 8 years was 5.70 in 2011, while its lowest value was 5.70 in 2003.
Definition: Time to resolve insolvency is the number of years from the filing for insolvency in court until the resolution of distressed assets.
Source: World Bank, Doing Business project (http://www.doingbusiness.org/).
Sub-Topic: Business environment