{"title":"The Resolution of Insolvency in Cameroon","authors":"Ngaundje Doris Leno","doi":"10.4018/978-1-5225-5541-4.CH009","DOIUrl":"https://doi.org/10.4018/978-1-5225-5541-4.CH009","url":null,"abstract":"In a world driven by credit, a speedy resolution of insolvency will build predictability and commercial confidence among credit providers, resulting in increased credit and reduced borrowing costs, facilitating the resuscitation of viable businesses, thereby maximizing the going concern value and preserving jobs, and also benefit entrepreneurs and lower the rate of liquidation of distressed firms. With this, the chapter employs one argument that Cameroon has not registered a success in the resolution of insolvency. The purpose of this chapter, therefore, is to highlight and discuss the reasons behind the poor performance of the country in resolving insolvency. The value of this chapter lies in the contribution it makes in the understanding of the OHADA legal framework on insolvency and improvement of the country's performance in the Doing Business ranking on insolvency.","PeriodicalId":122382,"journal":{"name":"Corporate Insolvency Law and Bankruptcy Reforms in the Global Economy","volume":"150 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122572942","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}