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A personal bankruptcy law that allows for a "fresh start" after bankruptcy reduces the individual risk involved in entrepreneurial activity. On the other hand, as risk shifts to creditors who recover less of their credit after a debtor's bankruptcy, lenders may charge higher interest rates or...
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entrepreneurship. -- Personal bankruptcy law ; insolvency ; entrepreneurship ; fresh start …
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entrepreneurship. -- Personal bankruptcy law ; insolvency ; entrepreneurship ; fresh start …
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