insolvency and bankruptcy law

insolvency and bankruptcy law

What’s the Purpose of Insolvency and Bankruptcy Law?

Different countries worldwide have their own insolvency and bankruptcy law but they don’t differ that much from the UK’s legal rules in respect of insolvency and bankruptcy. The two principal objectives of insolvency and bankruptcy law are shared by most countries – (1) the allocation of risk in a predictable, equitable and transparent manner, and …

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