García-Posada, Miguel; Mora-Sanguinetti, Juan S. - Banco de España - 2013
main alternative procedure, the mortgage foreclosure; (ii) personal bankruptcy law is unattractive to the individual debtor …Small businesses, the majority of Spanish fi rms, rarely fi le for formal bankruptcy, and this has been the case even … during the current economic crisis. This suggests that bankruptcy law has a limited role to play in the distress of small fi …