Entrepreneurship and Insolvency: Why Rules of Exit Matter to Those Entering the Market
Quinquennial of Insolvency and Bankruptcy Code, 2016, Insolvency and Bankruptcy Board of India (2021)
6 Pages Posted: 5 Oct 2021 Last revised: 21 Oct 2021
Date Written: October 1, 2021
Abstract
This article provides a conceptual overview of how insolvency law interacts with entrepreneurship. In doing so, it identifies the characteristics of insolvency regimes that are best suited for promoting innovation and enterprise creation. We specifically look at the Indian insolvency regime and contrast with the insolvency models in the UK and US.
Keywords: entrepreneurship, insolvency, Insolvency and Bankruptcy Code 2016, MSMEs, UK Insolvency Act 1986, Chapter 11 US Bankruptcy Code
JEL Classification: K21, K10, K2, F23
Suggested Citation: Suggested Citation