Setting up a business is a goal for many enthusiast people and aspiring entrepreneurs, willing to take the risk and realise their dream. However, bankruptcies account for some 15% of all company closures. Around 700000 SMEs are affected annually and some 2.8 million jobs are involved throughout Europe on an annual basis. In the EU, the stigma of failure is still present and society underestimates the business potential of re-starters. 47% of Europeans would be reluctant to order from a previously failed business, while the average time to complete a bankruptcy in the EU varies between 4 months and 9 years.