Since our last issue, updated and additional national insolvency statistics have been published on the INSOL Europe website. The compilation of this kind of data is indeed crucial on a number of specific aspects.
Statistics as a means of measuring the efficiency of national insolvency frameworks
From a national point of view, insolvency statistics are generally used as a tool to show the country’s good social and economic health. Depending on the degree of details which are published at national level, insolvency statistics can shed some light on the type of proceedings available in a national insolvency framework (‘on paper’) and whether they are used in the dayto-day practice (‘real world’). They can consequently be used as an indicator to enable creditors to secure their choice in lending in one Member State rather than another.
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