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What Would You Consdier To Be The Pros And Cons For Entrepreneur Friendly Bankruptcy Laws?

After reviewing the ‘boom in bust’ case
What would you consdier to be the pros and cons for entrepreneur friendly bankruptcy laws?
Why can bankruptcy laws become an entry/exit barrier for an entrepreneurial firm?
Having studied this case, how would you respond to a friend’s comment: “Recent news about the boom in bankruptcies is so depressing”?

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