Business failure in India is viewed as a stigma, which adversely impacts individual creativity and development in the country. The existing legislations may have to be toned up so as to provide for efficient liquidation of non-viable businesses.
Such a correlation exists in Irish data; however, forthcoming research from the Central Bank seems to suggest that, once affordability factors are  4  BIS central bankers’ speeches  the Irish use of this value-loaded 6 term inauthentic; a rhetorical use, which obscures the diversity and complexity of arrears circumstances.