Insolvency Regulations and Economic Recession: An Austro-Libertarian Point of View
Economic Recovery, Malinvestments, Insolvency Regulations, Discharge from Debt
Beijing Law Review,
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.