The Law To Know

Law in Charts · Business, tax and the economy

How well do insolvency proceedings work in practice?

How efficiently do judicial insolvency proceedings work in practice in each economy, as B-READY measures it?

100 of 100 shown in the list

B-READY score, 0 to 100

  1. Belgium98.6 2025
  2. Canada93.2 2025
  3. Sweden92.5 2025
  4. Georgia91.6 2025
  5. Ireland91.2 2025
  6. South Korea82.8 2025
  7. Rwanda81.5 2025
  8. Gambia80.9 2025
  9. Singapore77.6 2025
  10. Cameroon76.0 2025
  11. Greece74.1 2025
  12. Czechia70.4 2025
  13. Slovenia69.0 2025
  14. Barbados67.9 2025
  15. Estonia67.9 2025
  16. United Kingdom66.2 2025
  17. Latvia65.7 2025
  18. North Macedonia65.7 2025
  19. Portugal65.6 2025
  20. Mauritius63.7 2025
  21. Hungary63.2 2025
  22. Senegal61.5 2025
  23. Madagascar61.3 2025
  24. Uzbekistan60.9 2025
  25. United States60.5 2025

Source: World Bank, Business Ready (B-READY), B-READY: Business Insolvency Pillar 3: Operational Efficiency of Resolving Judicial Insolvency Proceedings, via the World Bank. Data for 2025. What it counts, how to cite it and the data

At a glance

  • 100 countries or territories have a figure.
  • The highest is Belgium at 98.6 (2025) and the lowest is Angola at 0.0 (2025).
  • The middle value (the median) is 40.0.

What it counts

A score from 0 to 100 in the World Bank's B-READY study (the latest round) for the operational efficiency of resolving judicial insolvency proceedings, measured through case studies of a standard insolvency.

What it leaves out, and how far to trust a comparison

The score compares an economy's rules with a checklist of features chosen by the World Bank, and the checklist reflects one view of good practice for businesses. It is built from expert answers and firm surveys, it covers a standard case and it says nothing about justice, fairness or what suits a particular country. Only the economies in the study are shown, and it is not a ranking of better and worse law. A very low score can mean that a procedure the checklist looks for does not exist at all.

Source

World Bank, Business Ready (B-READY): B-READY: Business Insolvency Pillar 3: Operational Efficiency of Resolving Judicial Insolvency Proceedings, via the World Bank, compiled in World Bank, World Development Indicators. Source licence: CC BY 4.0. Data retrieved 2026-10-23 to 2026-10-25.

Cite this chart

Free to use in teaching, articles, reports and slides, with credit. Our compilation is licensed CC BY 4.0; the source publishes the underlying data under its own licence, shown below.

Reference (APA style)

TheLawToKnow. (2026). How well do insolvency proceedings work in practice? [Chart]. Law in Charts. https://tools.thelawtoknow.com/law-in-charts/insolvency-practice-score. Data: World Bank, Business Ready (B-READY), B-READY: Business Insolvency Pillar 3: Operational Efficiency of Resolving Judicial Insolvency Proceedings, via the World Bank, https://data.worldbank.org/indicator/IC.BRE.BI.P3 (data retrieved 2026-10-23 to 2026-10-25).

Short credit for slides and websites

Chart: TheLawToKnow, Law in Charts (https://tools.thelawtoknow.com/law-in-charts/insolvency-practice-score). Data: World Bank, Business Ready (B-READY), via World Bank, World Development Indicators.

BibTeX

@misc{insolvencypracticescore2026,
  author = {{TheLawToKnow}},
  title = {How well do insolvency proceedings work in practice?},
  year = {2026},
  howpublished = {Law in Charts},
  url = {https://tools.thelawtoknow.com/law-in-charts/insolvency-practice-score},
  note = {Data: World Bank, Business Ready (B-READY), B-READY: Business Insolvency Pillar 3: Operational Efficiency of Resolving Judicial Insolvency Proceedings, via the World Bank, https://data.worldbank.org/indicator/IC.BRE.BI.P3. Retrieved 2026-10-23 to 2026-10-25.}
}

Embed this chart on your own page

<iframe src="https://tools.thelawtoknow.com/embed/law-in-charts/insolvency-practice-score" title="How well do insolvency proceedings work in practice?, TheLawToKnow Law in Charts" width="100%" height="620" style="border:0" loading="lazy"></iframe>

Download the data (CSV)

Learn more

More in Business, tax and the economy

General information, not legal advice. All charts.