Restructuring of debts: documentation of statistics
Basic data of the statistics
Petitions for restructuring of debts received by district courts refer to all petitions filed at district courts during the period under review. Debt restructuring cases concluded refer to cases concluded at district courts during the year. In addition to debt restructuring petitions, other debt restructuring cases processed by district courts are also recorded in the statistics on debt restructuring cases concluded.
The same person can submit several petitions for debt restructuring per year, so the number of petitions is higher than the number of applicants for debt restructuring.
The first enterprise restructuring petition for a calendar year is recorded as a pending restructuring case. Other petitions concerning the same enterprise or corporation received during the calendar year are only visible in the statistics in cases concluded.
The statistics on debt restructuring cases concluded describe a different population than the statistics on petitions filed at district courts. Cases concluded include cases instituted already before the statistical reference year and correspondingly, part of the cases instituted during the statistical reference year will be concluded only in coming years.
Unit of measure
For debt restructuring petitions filed, the number of petitions filed at district courts is recorded.
In the statistics on debt restructuring cases concluded, the number of debt restructuring cases concluded at district courts is recorded.
For debt restructuring cases concluded, the reference period is the statistical reference year. The data are usually released in early June and they describe the data for the previous year. For example, data concerning 2018 were published in 2019.
As regards debt restructuring petitions filed, the data become revised as a result of reviews and corrections. As a rule, the figures are corrected already during the next statistical month. The changes caused by the corrections are small in terms of total numbers and they are not significant in forming the overall image of the occurrence.
The statistics on debt restructuring cases concluded start from 2009. These are annual statistics and the published data are final.
Frequency of dissemination
The statistics on debt restructuring cases concluded are disseminated yearly.
Accuracy, reliability and timeliness
A key means of assessing the accuracy of the data is to examine statistical data relative to the source data. Another way is to examine quarterly or annual data relative to previous quarters or years.
The statistics on concluded cases are released yearly approximately six months from the end of the statistical reference year.
The release dates can be found in Statistics Finland's release calendar.
In 2019, the statistics on debt restructuring cases concluded were delayed by around one month, on account of the extra time required for the processing of the data.
Comparability - geographical
Comparability - over time
Coherence - cross domain
Coherence - internal
Thus, the population of the two sets of statistics mentioned above is different, one describing the number of petitions filed and the other the number of cases concluded during the year.
Source data and data collections
The background information on the persons used in the compilation of the statistics derives from the data of population statistics.
Frequency of data collection
Principles and outlines
Contact organisation unit
Legal acts and other agreements
Statistics Finland compiles statistics in line with the EU’s regulations applicable to statistics, which steer the statistical agencies of all EU Member States.
Further information: Statistical legislation
Confidentiality - policy
Further information: Data protection | Statistics Finland (stat.fi)
Confidentiality - data treatment
The data of the statistics are not released in identifiable form outside Statistics Finland. The use of the data for scientific research and statistical surveys is possible only on the basis of a separate decision on user licence and in unidentifiable form.
Further information: Publication principles for statistics at Statistics Finland
Accessibility and clarity
Statistical data are published as database tables in the StatFin database. The database is the primary publishing site of data, and new data are updated first there. When releasing statistical data, existing database tables can be updated with new data or completely new database tables can be published.
In addition to statistical data published in the StatFin database, a release on the key data is usually published in the web service. If the release contains data concerning several reference periods (e.g. monthly and annual data), a review bringing together these data is published in the web service. Database tables updated at the time of publication are listed both in the release and in the review. In some cases, statistical data can also be published as mere database releases in the StatFin database. No release or review is published in connection with these database releases.
Releases and database tables are published in three languages, in Finnish, Swedish and English.
Information about changes in the publication schedules of releases and database tables and about corrections are given as change releases in the web service.
Data revision - policy
Revisions – i.e. improvements in the accuracy of statistical data already published – are a normal feature of statistical production and result in improved quality of statistics. The principle is that statistical data are based on the best available data and information concerning the statistical phenomenon. On the other hand, the revisions are communicated as transparently as possible in advance. Advance communication ensures that the users can prepare for the data revisions.
The reason why data in statistical releases become revised is often caused by the data becoming supplemented. Then the new, revised statistical figure is based on a wider information basis and describes the phenomenon more accurately than before.
Revisions of statistical data may also be caused by the calculation method used, such as annual benchmarking or updating of weight structures. Changes of base years and used classifications may also cause revisions to data.
Quality management requires comprehensive guidance of activities. The quality management framework of the field of statistics is the European Statistics Code of Practice (CoP). The frameworks complement each other. The quality criteria of Official Statistics of Finland are also compatible with the European Statistics Code of Practice.
Further information: Quality management | Statistics Finland (stat.fi)
Further information: Publication principles for statistics
Are you looking for previously published documentation?
The documentation released before 5.4.2022 can be found on the archive pages of the statistics.Go to the archive page