Micro-, small-, and medium-sized enterprises (MSMEs) represent the vast majority of businesses in most countries around the world. Despite the economic relevance of these firms, most insolvency jurisdictions do not provide adequate responses to MSMEs. Moreover, with a few exceptions, the academic literature on insolvency law has not traditionally focused on the treatment of MSMEs in insolvency. This article seeks to contribute to the debate by exploring the primary features and problems of MSMEs in insolvency as well as the weaknesses of the ordinary insolvency framework to deal with MSMEs. It also provides a general overview of the primary reforms and policy recommendations taking place around the world to deal with MSMEs in insolvency. The article concludes by suggesting several strategies to design an efficient insolvency framework for MSMEs.

中文翻译：

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为微型和小型公司实施破产框架

微型、小型和中型企业 (MSME) 代表了全球大多数国家/地区的绝大多数企业。尽管这些公司具有经济相关性，但大多数破产管辖区并未对中小微企业提供足够的回应。此外，除了少数例外，关于破产法的学术文献传统上并不侧重于处理破产中的中小微企业。本文旨在通过探讨 MSME 破产的主要特征和问题以及处理 MSME 的普通破产框架的弱点，为辩论做出贡献。它还概述了世界各地为处理破产的中小微企业而进行的主要改革和政策建议。本文最后提出了几种为中小微企业设计有效破产框架的策略。