Saving Entrepreneurs, Saving Enterprises : Proposals on the Treatment of MSME Insolvency

Micro and small enterprise (MSME) insolvency is particularly likely to impact not only the business, but also the personal and family life of the owner-operator(s) of such businesses, raising particular concerns that apply much less frequently in t...

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Main Author:	World Bank Group
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2018
Subjects:	INSOLVENCY MICROENTERPRISE MICROFINANCE SMALL AND MEDIUM ENTERPRISES ACCESS TO FINANCE NATIONAL BANKRUPTCY REVIEW COMMISSION MSME FINANCE
Online Access:	http://documents.worldbank.org/curated/en/989581537265261393/Saving-Entrepreneurs-Saving-Enterprises-Proposals-on-the-Treatment-of-MSME-Insolvency http://hdl.handle.net/10986/30474

id	okr-10986-30474
recordtype	oai_dc
spelling	okr-10986-304742021-05-25T09:18:25Z Saving Entrepreneurs, Saving Enterprises : Proposals on the Treatment of MSME Insolvency World Bank Group INSOLVENCY MICROENTERPRISE MICROFINANCE SMALL AND MEDIUM ENTERPRISES ACCESS TO FINANCE NATIONAL BANKRUPTCY REVIEW COMMISSION MSME FINANCE Micro and small enterprise (MSME) insolvency is particularly likely to impact not only the business, but also the personal and family life of the owner-operator(s) of such businesses, raising particular concerns that apply much less frequently in the context of corporate insolvency. This report refines and expands on the earlier deliberations of the Insolvency and Creditor or Debtor Regimes Task Force (ICR Task Force) regarding the optimal approaches for treating MSME insolvency. As a matter of terminology, it should be stressed that the term MSME in this report is intended to cover both individual natural persons and juridical business entities, unless specifically stated.This means that the size of an MSME differs from country to country and even industry to industry, making comparisons between jurisdictions and global standard-setting difficult. The scope of this report is designed to be nonprescriptive and dynamic across countries and contexts. Accordingly, this report aims to consider rescue and restructuring for all viable MSMEs, with the objective of preserving individual entrepreneurial initiative, including in the context of liquidation, and of preserving businesses that can continue to operate and add value in an economy. The final section of the report starts the process of examining the ICR Principles in light of the proposals made in this report. 2018-10-01T19:49:04Z 2018-10-01T19:49:04Z 2018-09-17 Report http://documents.worldbank.org/curated/en/989581537265261393/Saving-Entrepreneurs-Saving-Enterprises-Proposals-on-the-Treatment-of-MSME-Insolvency http://hdl.handle.net/10986/30474 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Other Financial Sector Study Economic & Sector Work
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	INSOLVENCY MICROENTERPRISE MICROFINANCE SMALL AND MEDIUM ENTERPRISES ACCESS TO FINANCE NATIONAL BANKRUPTCY REVIEW COMMISSION MSME FINANCE
spellingShingle	INSOLVENCY MICROENTERPRISE MICROFINANCE SMALL AND MEDIUM ENTERPRISES ACCESS TO FINANCE NATIONAL BANKRUPTCY REVIEW COMMISSION MSME FINANCE World Bank Group Saving Entrepreneurs, Saving Enterprises : Proposals on the Treatment of MSME Insolvency
description	Micro and small enterprise (MSME) insolvency is particularly likely to impact not only the business, but also the personal and family life of the owner-operator(s) of such businesses, raising particular concerns that apply much less frequently in the context of corporate insolvency. This report refines and expands on the earlier deliberations of the Insolvency and Creditor or Debtor Regimes Task Force (ICR Task Force) regarding the optimal approaches for treating MSME insolvency. As a matter of terminology, it should be stressed that the term MSME in this report is intended to cover both individual natural persons and juridical business entities, unless specifically stated.This means that the size of an MSME differs from country to country and even industry to industry, making comparisons between jurisdictions and global standard-setting difficult. The scope of this report is designed to be nonprescriptive and dynamic across countries and contexts. Accordingly, this report aims to consider rescue and restructuring for all viable MSMEs, with the objective of preserving individual entrepreneurial initiative, including in the context of liquidation, and of preserving businesses that can continue to operate and add value in an economy. The final section of the report starts the process of examining the ICR Principles in light of the proposals made in this report.
format	Report
author	World Bank Group
author_facet	World Bank Group
author_sort	World Bank Group
title	Saving Entrepreneurs, Saving Enterprises : Proposals on the Treatment of MSME Insolvency
title_short	Saving Entrepreneurs, Saving Enterprises : Proposals on the Treatment of MSME Insolvency
title_full	Saving Entrepreneurs, Saving Enterprises : Proposals on the Treatment of MSME Insolvency
title_fullStr	Saving Entrepreneurs, Saving Enterprises : Proposals on the Treatment of MSME Insolvency
title_full_unstemmed	Saving Entrepreneurs, Saving Enterprises : Proposals on the Treatment of MSME Insolvency
title_sort	saving entrepreneurs, saving enterprises : proposals on the treatment of msme insolvency
publisher	World Bank, Washington, DC
publishDate	2018
url	http://documents.worldbank.org/curated/en/989581537265261393/Saving-Entrepreneurs-Saving-Enterprises-Proposals-on-the-Treatment-of-MSME-Insolvency http://hdl.handle.net/10986/30474
_version_	1764472105519284224

Saving Entrepreneurs, Saving Enterprises : Proposals on the Treatment of MSME Insolvency

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