This paper analyses the dynamics of personal insolvencies in Germany and the UK, focusing on the recent recession … different approaches to deal with overindebted individuals. In Germany unfortunate households who file on their debt are … discharged relatively fast. In line with their different insolvency procedures, the two countries also represent two different …

In this paper we discuss determinants of firm survival and growth in Germany within its pre-1989 boundaries. We develop … as forced liquidation. Firms under limited liability are characterized by higher growth and higher insolvency rates than …

Economic theory conjectures complementarities between the ranking of creditors in formal insolvency proceedings and the … paper we seek evidence for the-se hypotheses taking France and Germany as examples which differ significantly concerning the … the insolvency law, like culture and history. …