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
Paperchase is one of a number of retailers to have gone under already in 2021.
Alan Wilson/Alamy
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.
Changes to Australian bankruptcy laws have led to fear that people will be let off easily - but is that warranted?
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Deborah James, London School of Economics and Political Science
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.