Resolving insolvency: Creditor participation index (0-4) (DB15-20 methodology) by country
The creditor participation index has four components: (i) whether creditors appoint the insolvency representative or approve, ratify or reject the appointment of the insolvency representative; (ii) Whether creditors are required to approve the sale of substantial assets of the debtor in the course of insolvency...
What the numbers show
Resolving insolvency: Creditor participation index (0-4) (DB15-20 methodology) is currently reported for 168 countries. The highest value is 4 DB15-20 methodology in Bulgaria; the lowest is 0 DB15-20 methodology in Zambia.
The median across all reporting countries is 2 DB15-20 methodology, and the mean is 1.77 DB15-20 methodology.
Over the past decade 23 countries rose and 2 fell. The largest increase was in Djibouti (up 300.0%), and the largest decrease in Zambia (down 100.0%).
Resolving insolvency: Creditor participation index (0-4): full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Bulgaria | 4 DB15-20 methodology | 2019 | up 33.3% | rising |
| 1 | Switzerland | 4 DB15-20 methodology | 2019 | unchanged | flat |
| 1 | Djibouti | 4 DB15-20 methodology | 2019 | up 300.0% | volatile |
| 1 | Kazakhstan | 4 DB15-20 methodology | 2019 | up 100.0% | rising |
| 1 | Rwanda | 4 DB15-20 methodology | 2019 | up 33.3% | rising |
| 1 | Serbia | 4 DB15-20 methodology | 2019 | up 100.0% | volatile |
| 7 | Australia | 3 DB15-20 methodology | 2019 | up 50.0% | rising |
| 7 | Azerbaijan | 3 DB15-20 methodology | 2019 | up 200.0% | volatile |
| 7 | Bosnia and Herzegovina | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 7 | Brazil | 3 DB15-20 methodology | 2019 | unchanged | rising |
| 7 | Barbados | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 7 | Canada | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 7 | Chile | 3 DB15-20 methodology | 2019 | unchanged | falling |
| 7 | Czechia | 3 DB15-20 methodology | 2019 | up 50.0% | rising |
| 7 | Germany | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 7 | Estonia | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 7 | Finland | 3 DB15-20 methodology | 2019 | unchanged | rising |
| 7 | Georgia | 3 DB15-20 methodology | 2019 | up 200.0% | rising |
| 7 | Grenada | 3 DB15-20 methodology | 2019 | up 200.0% | volatile |
| 7 | Jamaica | 3 DB15-20 methodology | 2019 | up 50.0% | rising |
| 7 | Kenya | 3 DB15-20 methodology | 2019 | up 200.0% | volatile |
| 7 | Cambodia | 3 DB15-20 methodology | 2019 | unchanged | volatile |
| 7 | Saint Kitts and Nevis | 3 DB15-20 methodology | 2019 | — | volatile |
| 7 | Moldova | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 7 | North Macedonia | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 7 | Mauritius | 3 DB15-20 methodology | 2019 | unchanged | rising |
| 7 | Nicaragua | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 7 | Norway | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 7 | Peru | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 7 | Philippines | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 7 | Puerto Rico | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 7 | Portugal | 3 DB15-20 methodology | 2019 | unchanged | rising |
| 7 | Russia | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 7 | El Salvador | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 7 | Slovakia | 3 DB15-20 methodology | 2019 | unchanged | rising |
| 7 | Trinidad and Tobago | 3 DB15-20 methodology | 2019 | up 200.0% | volatile |
| 7 | Turkey | 3 DB15-20 methodology | 2019 | up 50.0% | rising |
| 7 | United States | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 7 | Saint Vincent and the Grenadines | 3 DB15-20 methodology | 2019 | — | volatile |
| 40 | Afghanistan | 2 DB15-20 methodology | 2019 | up 100.0% | rising |
| 40 | Albania | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 40 | Austria | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 40 | Belgium | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 40 | Belarus | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 40 | Belize | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 40 | China | 2 DB15-20 methodology | 2019 | up 100.0% | volatile |
| 40 | Colombia | 2 DB15-20 methodology | 2019 | up 100.0% | falling |
| 40 | Cape Verde | 2 DB15-20 methodology | 2019 | — | volatile |
| 40 | Dominica | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 40 | Denmark | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 40 | Dominican Republic | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 40 | Egypt | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 40 | Fiji | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 40 | United Kingdom | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 40 | Guatemala | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 40 | Croatia | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 40 | Hungary | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 40 | Indonesia | 2 DB15-20 methodology | 2019 | unchanged | rising |
| 40 | Iceland | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 40 | Israel | 2 DB15-20 methodology | 2019 | up 100.0% | rising |
| 40 | Italy | 2 DB15-20 methodology | 2019 | unchanged | rising |
| 40 | Kiribati | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 40 | Latvia | 2 DB15-20 methodology | 2019 | up 100.0% | rising |
| 40 | Morocco | 2 DB15-20 methodology | 2019 | — | volatile |
| 40 | Mexico | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 40 | Mozambique | 2 DB15-20 methodology | 2019 | — | volatile |
| 40 | Malaysia | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 40 | Netherlands | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 40 | New Zealand | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 40 | Pakistan | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 40 | Panama | 2 DB15-20 methodology | 2019 | up 100.0% | rising |
| 40 | Poland | 2 DB15-20 methodology | 2019 | up 100.0% | rising |
| 40 | Paraguay | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 40 | Romania | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 40 | Saudi Arabia | 2 DB15-20 methodology | 2019 | — | volatile |
| 40 | Suriname | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 40 | Sweden | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 40 | Seychelles | 2 DB15-20 methodology | 2019 | up 100.0% | rising |
| 40 | Thailand | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 40 | East Timor | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 40 | Ukraine | 2 DB15-20 methodology | 2019 | up 100.0% | rising |
| 40 | Uzbekistan | 2 DB15-20 methodology | 2019 | unchanged | rising |
| 40 | Kosovo | 2 DB15-20 methodology | 2019 | — | volatile |
| 40 | South Africa | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 40 | Taiwan | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 40 | Kosovo (UNSCR 1244) | 2 DB15-20 methodology | 2019 | — | volatile |
| 87 | United Arab Emirates | 1 DB15-20 methodology | 2019 | down 50.0% | falling |
| 87 | Argentina | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Armenia | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Antigua and Barbuda | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Burundi | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Benin | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Burkina Faso | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Bahrain | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Bahamas | 1 DB15-20 methodology | 2019 | — | volatile |
| 87 | Brunei | 1 DB15-20 methodology | 2019 | — | volatile |
| 87 | Bhutan | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Central African Republic | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Cote d'Ivoire | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Cameroon | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Democratic Republic of Congo | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Congo | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Comoros | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Costa Rica | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Cyprus | 1 DB15-20 methodology | 2019 | — | volatile |
| 87 | Algeria | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Ecuador | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Eritrea | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Spain | 1 DB15-20 methodology | 2019 | unchanged | rising |
| 87 | Ethiopia | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | France | 1 DB15-20 methodology | 2019 | unchanged | volatile |
| 87 | Gabon | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Guinea | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Guinea-Bissau | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Equatorial Guinea | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Greece | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Hong Kong | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Honduras | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Haiti | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | India | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Ireland | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Iran | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Iraq | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Jordan | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Japan | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Kyrgyzstan | 1 DB15-20 methodology | 2019 | — | volatile |
| 87 | South Korea | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Kuwait | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Liberia | 1 DB15-20 methodology | 2019 | — | volatile |
| 87 | Libya | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Sri Lanka | 1 DB15-20 methodology | 2019 | unchanged | volatile |
| 87 | Lesotho | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Lithuania | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Luxembourg | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Madagascar | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Mali | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Malta | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Montenegro | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Malawi | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Namibia | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Niger | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Nigeria | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Oman | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Papua New Guinea | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Palestine | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Qatar | 1 DB15-20 methodology | 2019 | unchanged | volatile |
| 87 | Senegal | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Singapore | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Solomon Islands | 1 DB15-20 methodology | 2019 | — | volatile |
| 87 | Sierra Leone | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | South Sudan | 1 DB15-20 methodology | 2019 | — | volatile |
| 87 | Slovenia | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Eswatini | 1 DB15-20 methodology | 2019 | — | volatile |
| 87 | Syria | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Chad | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Togo | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Tajikistan | 1 DB15-20 methodology | 2019 | unchanged | falling |
| 87 | Tonga | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Tunisia | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Tanzania | 1 DB15-20 methodology | 2019 | — | volatile |
| 87 | Uganda | 1 DB15-20 methodology | 2019 | — | volatile |
| 87 | Venezuela | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Vietnam | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Vanuatu | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 87 | Samoa | 1 DB15-20 methodology | 2019 | unchanged | volatile |
| 87 | Yemen | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 167 | Sudan | 0 DB15-20 methodology | 2019 | — | volatile |
| 167 | Zambia | 0 DB15-20 methodology | 2019 | down 100.0% | falling |
About this data
The creditor participation index has four components: (i) whether creditors appoint the insolvency representative or approve, ratify or reject the appointment of the insolvency representative; (ii) Whether creditors are required to approve the sale of substantial assets of the debtor in the course of insolvency proceedings; (iii) Whether an individual creditor has the right to access financial information about the debtor during insolvency proceedings; and (iv) Whether an individual creditor can object to a decision of the court or of the insolvency representative to approve or reject claims against the debtor brought by the creditor itself and by other creditors.