Metzger, Georg; Niefert, Michaela - Max-Planck-Institut für Ökonomik <Jena> - 2006
Going bankrupt does not necessarily mean the end of an entrepreneurial career. Recent reforms of the insolvency law in several European countries towards a more debtorfriendly system similar to Chapter 11 of the U.S. bankruptcy code make it easier for bankrupt entrepreneurs to start a new...