report that listed SMEs enjoy a lower likelihood of financial distress and bankruptcy than their unlisted counterparts … unlisted SMEs due to changes in financial ratios. Due to the extremely low number of legal bankruptcy events, our hypothesis … finds weak support when bankruptcy is used as the dependent variable in the regression analysis. Broadly, our findings …

liability to creditors). Since defrauders tend to be judgment proof, the result is sub-optimal deterrence. Second, lawmakers … resorting to a "phoenix syndrome” scheme might actually be arranging for a last-resort "home-made" bankruptcy proceeding, i ….e., the entrepreneur might be mimicking the role of a formal bankruptcy stay on unsecured creditors' collection efforts …

In the U.S., individual parties who file for bankruptcy can exempt a certain dollar amount of property from creditor … businesses. Our results indicate that additional debtor protection, brought about by changes to bankruptcy laws, significantly …

The paper investigates predictive ability of existing bankruptcy prediction models suitable for small business by using … dates of accounting report of Russian's firms. Combination of financial ratios analysis with bankruptcy prediction models …

Objective – This study aims to examine the risk of bankruptcy among SMEs to determine whether there are any significant …

, this paper focuses on the insolvency risk of European SMEs and their access to finance around pandemic. We show that SME … insolvency risk increased, on average, by around 21% during the pandemic. Finding customers and the cost of production and labor … have contributed notably to SME insolvency risk around this period. Heightened insolvency risk results in deterioration in …

business owners by exploiting bankruptcy flag removals. Following flag removal, self-employed individuals earn and borrow more …

test the hypothesis that small banks enhance the recovery rate from the financial distress and reduce the bankruptcy ratio …

example, places where bankruptcy resolution is more difficult and/or takes longer) see a greater dependence on "stable" real …