138 respondents participated in an indicative, anonymous questionnaire conducted by organizers of the Outlook seminar to debate the insolvency system of Latvia.

Main conclusions:

• 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.