one judges the frequency of bankruptcy in different countries, the main issue is to decide which frequency of bankruptcy … makes it possible to compare frequency of bankruptcies between countries. We compare frequency of bankruptcy between …, repairs, Hotels and restaurants are the industries in every country that either has the highest frequency of bankruptcy or …

important role in restructuring. Insolvency leads to formal bankruptcy when legal procedures are employed to liquidate the ….Thereafter we turn in Section 6 to the empirical evidence on bankruptcy and restructuring in a number of countries with … substantial differences in legal approaches to insolvency. We ask in Section 7 what explains the relatively high bankruptcy …

Under the assumption that asset markets are incomplete, this paper introduces bankruptcy in an intertemporal … argues that intervention in the form of a level of bankruptcy exemption can enhance not only social welfare but also … distributive equity. The bankruptcy law is carefully specified in the model. The model generates distributional changes in …

general equilibrium model. Binding ceilings on loan rates reduce the probability of bankruptcy. Lower bankruptcy rates result … in lower bankruptcy and liquidation costs. The authors state conditions under which the resources freed by this cost …