138 respondents participated in an indicative, anonymous questionnaire conducted by organizers of the Outlook seminar
to debate the insolvency system of Latvia.
- 77% of respondents have encountered the insolvency or bankruptcy protection proceedings in their business;
- 83% admitted that the state would be unable to effectively protect their legitimate interests in the case of insolvency;
- 76% consider that insolvency and bankruptcy protection proceedings are not fully transparent and fair.
- Low trust in all institutions involved in governance and supervision of the insolvency process was indicated (out of 10):
a) Insolvency administrators 3.2
b) State Agency the Insolvency Administration 3.5
c) Court 4.6
d) State Police and Prosecutor's Office 3.9
The full results of the questionnaire are available here