Insolvency Regulations and Economic Recession: An Austro-Libertarian Point of View
AUTHORS: Valerio Tavormina
KEYWORDS: Economic Recovery, Malinvestments, Insolvency Regulations, Discharge from Debt
JOURNAL NAME: Beijing Law Review, Vol.5 No.2,
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.