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Insolvency Regulations and Economic Recession: An Austro-Libertarian Point of View
the Università Cattolica di Milano, Milan, Italy
- 1 the Università Cattolica di Milano, Milan, Italy
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Abstract
Economic recovery after a crisis requires above all capital to support the most efficient investments. It is therefore counterproductive to delay selling off the assets of insolvent debtors through lengthy insolvency proceedings instead of letting the creditors free to enforce their claims in the speediest way.
KeywordsEconomic RecoveryMalinvestmentsInsolvency RegulationsDischarge from Debt
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