It is much easier for entrepreneurs to walk away from debts incurred in failed/bankrupt ventures in Germany and Japan than in the United States.

Question

Quizplus · Accepted Answer

In the United States, bankruptcy laws are designed to encourage repayment of debts and make it more difficult for entrepreneurs to simply walk away from their financial obligations. In contrast, German and Japanese laws are geared more towards a fresh start for entrepreneurs after failure, but still, they have certain limitations and requirements in place for debt repayment.

It Is Much Easier for Entrepreneurs to Walk Away from Debts