Vol. 6, Issue 6 (2020)
Major problems in practical applicability of bankruptcy law in Ethiopia: prospect for possible application in future
Author(s): Kegnu Mulu Ankoro
Abstract: Existence and practical application of bankruptcy law is an important tool for dealing with financial distress of firms in market economy set for strong competition, where it is natural to expect that all business establishments will not be successful. Existence of law on books means nothing without its relevance for solving the ills of the society. Ethiopian bankruptcy law is one of the least practiced laws in the country. Therefore, this paper tries to analyze the prospects and challenges in practical application of bankruptcy law in Ethiopian.