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Insolvency Regulations and Economic Recession: An Austro-Libertarian Point of View

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DOI: 10.4236/blr.2014.52014    2,446 Downloads   3,112 Views Citations
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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.

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Tavormina, V. (2014). Insolvency Regulations and Economic Recession: An Austro-Libertarian Point of View. Beijing Law Review, 5, 149-154. doi: 10.4236/blr.2014.52014.

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