Study puts business bankruptcy rates higher

Business bankruptcy rates are up to nine times higher than government data show, says a study out today asserting that the new bankruptcy law might hinder entrepreneurship because it does not reflect the true impact of small-business failures.

Researchers, including a prominent bankruptcy expert at Harvard, say the study challenges a widely held perception that a 20-year rise in bankruptcies has been driven by spend-thrift consumers.

From Study puts business bankruptcy rates higher

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