Abstract
This essay paper is to analytically discuss the brief historical evolution of bankruptcy Law both in the world more generally and in Ethiopia specifically. In tracing the historical evolution of bankruptcy law, it is believed that it is possible to reach at its optimum understanding of jurisprudential concepts, legislations enacted, the reactions of the society towards the law, and prevailing practices associated with its ups and downs with justifications. As such, the paper is aimed at disclosing the common/shared and different features of historical evolution of bankruptcy law in the world and Ethiopia.For this, this comparative observance of the law is essential in identifying the basic lacunas both in the jurisprudence and practice of bankruptcy law.For this, the scope of this paper is limited to discuss core similarities and differences of historical evolution of bankruptcy law both in the world in general and Ethiopian in Particular. Finally, the paper winds upthe analytical discussion pinpointing rewarding solutions for the existent problems in this subject matter of law
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