This report analyzes insolvency procedures in 88 countries. Indicators as period of time in which the insolvency procedure takes place, the share of cost in total assets in insolvency, recovery rate of creditor claims. This report analyze these indicators for period 2004-2017. Findings are based on data on various insolvency law in 88 countries. Report analysis problems that have impacts on national boundaries. This article reports about the duties and liabilities of directors, rules on ranking of claims/order of priorities and the conditions; conditions that exist for the opening of insolvency procceedings. The main indicator is the share of cost an insolvency procedure in total assets. This article shows strong link between quality and efficiency and the ‚resolving insolvency“ indicator. Creditors will recover a larger share of the amount due when is good legal Framework for insolvency. 90,1 cents on the dollar is the average recovery rate. Average effiency is for foreclosure 33,32, for liquidation is 34,342 and for reorganization is 40,52. Higher framework index is linked with recovery rate. In average takes resolving insolvency 11 months, costs 4 % of the debtor´s estate and sold as a going concern. The highest recovery rate is in Finland 90,2 %, Netherlands 89,2 %, Belgium 89 %, England 88,6 % and the lowest in Romania 30 %. The highest efficiency is in Finland 60,85, Norway 60,08, Canada 57,75, the lowest efficiency is in Angola 1,2.