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Characteristics of parties and duration of insolvency cases in Portugal

Publication Year 
2022
Abstract 
Insolvency proceedings play an important role in shaping credit conditions and the allocation of productive resources. The paper focuses on duration analysis of insolvencies judged by Portuguese courts between September 2014 and 2020. The features which contribute to higher duration are the case not being filed by the debtor, a higher number of parties, both creditors and debtors, and the existence of households as creditors. For corporate insolvencies, firm’s size, the amount of liabilities and fixed assets, activity in the construction sector and the existence of real collateral guaranteeing debts to the financial sector, also increase duration.
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