forgiving personal bankruptcy law are less relevant for wealthy potential. - entrepreneurs who still risk losing their wealth …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 …

entrepreneur is therefore one of the main success factors for the firm. Yet entrepreneurs differ considerably in their background … percent of novice entrepreneurs who file for bankruptcy reestablish afterwards. On average, slightly more than 15 months will … elapse until such ‘fallen’ entrepreneurs venture out anew. They differ from entrepreneurs not willing or able to take a …

Entrepreneurs are often faced with problems regarding start-up financing. But compared to novice entrepreneurs …, experienced entrepreneurs should have both more knowledge and better contacts, which should potentially reduce the occurrence of … entrepreneurs, who are of particular interest, the findings indicate that they cut back their financing demand and are more likely …