Buttwill, Klas; Wihlborg, Clas - Ratioinstitutet - 2005
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 …
