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
Under insolvency law, there’s an order in which creditors get paid from whatever is left of a company.
Mobile loan platforms have given Kenyans access to easy loans, but they come at a high price.
A bankruptcy filing always means there’s not enough money to go around, but the process ensures both debtors and creditors are protected.
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.
Australians still have lingering beliefs about bankruptcy as a crime. This has to change if we want to foster business innovation.
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.