State laws vary, so where you live may determine whether you’ll get to keep your home.
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The actions of Ghana and Zambia set a dangerous precedent by sidelining African financial institutions.
Ghana’s sovereign risk has been downgraded to near junk status by ratings agencies in recent times.
A return to debt sustainability will create room for African policy makers to stave off risks to the post-pandemic recovery.
The federal government should embrace Québec’s simplified incorporation model for small businesses. With some minor refinements, Québec’s regime can and should be deployed across the country
Under insolvency law, there’s an order in which creditors get paid from whatever is left of a company.
Mobile loan platforms have given Kenyans access to easy loans, but they come at a high price.
A bankruptcy filing always means there’s not enough money to go around, but the process ensures both debtors and creditors are protected.
While critics accuse companies facing lots of lawsuits of using bankruptcy as a sort of ‘get of jail free card,’ the reality of the legal procedure is more complicated.
Australians still have lingering beliefs about bankruptcy as a crime. This has to change if we want to foster business innovation.
In the global South, where some argue that “everyone is now middle class”, people are reluctant to acknowledge that they need to borrow money – and the stigma drives them to dodge their debts.
Top contributors
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Associate Professor of Law, Emory University
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Professor of Corporate Law, University of Sydney
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Professor of Anthropology, London School of Economics and Political Science
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Senior Lecturer in Law, University of Liverpool
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Associate Lecturer, University of Aberdeen
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Stephen Sigurdson Professor in Corporate Law & Finance, Queen's University, Ontario
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Professor of Economics, Salisbury University
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Senior Research Associate, One Earth Future Foundation
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Post Doctoral Researcher, Graduate School of Business (GSB), University of Cape Town
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Fellow, Queensland University of Technology
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Associate Professor of Business, Boston University