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

World Bank Group

World Bank, Washington, DC

关键词: INSOLVENCY;    MICROENTERPRISE;    MICROFINANCE;    SMALL AND MEDIUM ENTERPRISES;    ACCESS TO FINANCE;   

RP-ID  :  129977

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

Micro and small enterprise (MSME)insolvency is particularly likely to impact not only thebusiness, but also the personal and family life of theowner-operator(s) of such businesses, raising particularconcerns that apply much less frequently in the context ofcorporate insolvency. This report refines and expands on theearlier deliberations of the Insolvency and Creditor orDebtor Regimes Task Force (ICR Task Force) regarding theoptimal approaches for treating MSME insolvency. As a matterof terminology, it should be stressed that the term MSME inthis report is intended to cover both individual naturalpersons and juridical business entities, unless specificallystated.This means that the size of an MSME differs fromcountry to country and even industry to industry, makingcomparisons between jurisdictions and globalstandard-setting difficult. The scope of this report isdesigned to be nonprescriptive and dynamic across countriesand contexts.Accordingly, this report aims to considerrescue and restructuring for all viable MSMEs, with theobjective of preserving individual entrepreneurialinitiative, including in the context of liquidation, and ofpreserving businesses that can continue to operate and addvalue in an economy. The final section of the report startsthe process of examining the ICR Principles in light of theproposals made in this report.