Saltane, ValentinaChen, RongGuzman, Nuria Moya2014-02-122014-02-122013-01https://hdl.handle.net/10986/17042Over the past 10 years, nearly 100 economies have reformed their insolvency regimes as a result of many factors, such as financial crises and to some extent the International Finance Corporation, or IFC and World Bank doing business project. In the aftermath of the global financial crisis, governments around the world implemented extensive insolvency reforms aimed at strengthening regulatory mechanisms for resolving insolvency cases, to stimulate entrepreneurship and generate a more efficient allocation of market resources. This smart lesson discusses two of the main best practices that stem from the key reform areas: determination of business viability, and introduction of reorganization proceedings.en-USCC BY-NC-ND 3.0 IGOASSET VALUEBANKRUPTCIESBANKRUPTCYBANKRUPTCY CASESBANKRUPTCY LAWSBANKRUPTCY SYSTEMSBEST PRACTICESBUSINESS REGULATIONSCASE BACKLOGSCASH FLOWSCERTIFICATECHAPTER 7COLLECTION EFFORTSCOMMERCIAL OPERATIONSCREDITORSDEBTDEBTORDEBTORSDISSOLUTIONEFFICIENT JUDICIAL SYSTEMEMPLOYMENT PROSPECTSENFORCEMENT MECHANISMSENTREPRENEURIAL CULTUREESTATEFINANCIAL CONDITIONSFINANCIAL CRISESFINANCIAL CRISISFINANCIAL DIFFICULTIESFINANCIAL DISTRESSFINANCIAL INSTITUTIONSFINANCIAL SITUATIONFORECLOSUREGOING CONCERNGOING CONCERNSINFORMATION ON BANKRUPTCYINNOVATIONINSOLVENCYINSOLVENCY ADMINISTRATORINSOLVENCY ADMINISTRATORSINSOLVENCY CASESINSOLVENCY COURTSINSOLVENCY FRAMEWORKINSOLVENCY FRAMEWORKSINSOLVENCY LAWSINSOLVENCY LEGAL FRAMEWORKINSOLVENCY PRACTITIONERSINSOLVENCY PROCEDURESINSOLVENCY PROCEEDINGINSOLVENCY PROCEEDINGSINSOLVENCY REFORMINSOLVENCY REFORMSINSOLVENCY REGIMEINSOLVENCY REGIMESINSOLVENCY RESOLUTIONINSOLVENTINSOLVENT BUSINESSESINSOLVENT ESTATEINSOLVENT FIRMINSTITUTIONAL FRAMEWORKINTERNATIONAL TRADEINTERNATIONAL TRADE LAWINVESTMENT CLIMATELEGAL FRAMEWORKSLEGISLATIVE GUIDE ON INSOLVENCY LAWLIQUIDATIONLIQUIDATION PROCEEDINGMARKET DEMANDMEDIUM ENTERPRISESNETWORKSNEW INSOLVENCYNEW INSOLVENCY LAWOBJECTIVE CRITERIAPREMATURE LIQUIDATIONPRIVATE SECTORPRIVATE SECTOR DEVELOPMENTPUBLIC INFORMATIONREALIZATION OF ASSETSREALLOCATION OF RESOURCESRECOVERY RATERECOVERY RATESREGIONAL LEVELREGULATORY ENVIRONMENTREGULATORY FRAMEWORKREGULATORY REFORMREORGANIZATIONREORGANIZATION OF FIRMSREORGANIZATION PROCEEDINGREORGANIZATION PROCEEDINGSRESOLUTION MECHANISMSRESULTRESULTSSALE OF ASSETSSUFFICIENT EVIDENCESUPPLY CHAINSSUSTAINABLE DEVELOPMENTTECHNICAL ASSISTANCEUNNECESSARY LIQUIDATIONVIABLE BUSINESSES10.1596/17042