Resolving insolvency: cost (% of estate)

The cost of the proceedings, recorded as a percentage of the estate’s value, is calculated on the basis of survey responses by insolvency practitioners. It includes court fees as well as fees of insolvency practitioners, independent assessors, lawyers, and accountants. Respondents provide cost estimates from among the following options: less than 2%, 2–5%, 5–8%, 8–11%, 11–18%, 18–25%, 25–33%, 33–50%, 50–75%, and more than 75% of the value of the business estate. Source: World Bank, Doing Business Project (http://www.doingbusiness.org/ExploreTopics/ClosingBusiness).



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