SECTION S - ASSESSMENT OF PROCESSES
S1. Is the process for taking of security over land to secure corporate borrowing:
Not expensive
Expensive  
* Very expensive  
Easy
Difficult  
* Very difficult  
Very efficient  
Efficient
* Inefficient  
Quick
Slow  
* Very slow  

 
S2. Is the process for taking of security over property other than land to secure corporate borrowing:
Not expensive
Expensive  
* Very expensive  
Easy
Difficult  
* Very difficult  
Very efficient  
Efficient
* Inefficient  
Quick
Slow  
* Very slow  

 
S3. Is the process for enforcement of security over land:
Not expensive
Expensive  
* Very expensive  
Easy
Difficult  
* Very difficult  
Very efficient  
Efficient
* Inefficient  
Quick
Slow  
* Very slow  

 
S4. Is the process for enforcement of security over property other than land:
Not expensive
Expensive  
* Very expensive  
Easy
Difficult  
* Very difficult  
Very efficient  
Efficient
* Inefficient  
Quick
Slow  
* Very slow  

 
S5. Is the process for debt collection:
Not expensive
Expensive  
* Very expensive  
Easy
Difficult  
* Very difficult  
Very efficient  
Efficient
* Inefficient  
Quick
Slow  
* Very slow  

 
S6. Is the process for winding up (liquidating) an insolvent corporate borrower:
Not expensive
Expensive  
* Very expensive  
Easy
Difficult  
* Very difficult  
Very efficient  
Efficient
* Inefficient  
Quick
Slow  
* Very slow  

 
S7. Is the process for the possible re-structuring of an insolvent corporate borrower:
Not expensive  
Expensive
* Very expensive  
Easy  
Difficult
* Very difficult  
Very efficient  
Efficient
* Inefficient  
Quick
Slow  
* Very slow  

 
S8. What is the average time period between the filing of an application for the winding up (liquidation or bankruptcy) of an insolvent corporate borrower and the formal pronouncement that the corporate borrower will be liquidated:
1-2 Months  
2-4 Months  
4-6 Months  
Other
*Specify time periiod and give brief reasons

 

6 - 12 months. The court procedures would take time mainly because it would take time to analyze the borrower's financial position.

 
S9. What is the average time period for the commencement of a formal procedure for the re-organisation or re-structure (including a composition) of an insolvent corporate borrower and the commencement of the implementation of an agreed formal plan of re-organisation or re-structure:
2-4 Months
4-6 Months  
8-12 Months  
Other  
*Specify time periiod and give brief reasons
S10. What is the average time period for the commencement of an informal procedure (a "work out") for the re-organisation or re-structure (including a composition) of an insolvent corporate borrower and the commencement of the implementation of an agreed plan of re-organisation or re-structure:
2-4 Months
4-6 Months  
8-12 Months  
12-18 Months  
Other  

*Specify time periiod and give brief reasons

 
S11. If there are relevant statistics available for the incidence of formal insolvency procedures for insolvent corporate borrowers do these show that the incidence for (a) liquidation/bankruptcy and (b) re-organisation/re-structure is:
Very high  
High  
Low
* Very low  
Very high  
High
Low  
* Very low  
S12. What is your assessment of the predictability (positive, certain outcome) of the following processes in your economy:

(a) Security enforcement of land
Very high  
High  
Medium
Low  
* Very low  
 

(b) Security enforcement of property other than land

Very high  
High  
Medium  
Low
* Very low  
 

(c) Judicial handling of security enforcement

Very high  
High  
Medium
Low  
* Very low  
 

(d) Judicial handling of debt collection
Very high  
High  
Medium
Low  
* Very low  
 

(e) Judicial handling of insolvency (liquidation) cases
Very high  
High  
Medium  
Low
* Very low  
 

(f) Judicial handling of cases of re-organisation/re-structure
Very high  
High  
Medium  
Low
* Very low