Consumer Bankruptcy Regimes and Credit Default in the US and Europe: A comparative study. CEPS Working Document No. 318, 27 July 2009
(2009) Consumer Bankruptcy Regimes and Credit Default in the US and Europe: A comparative study. CEPS Working Document No. 318, 27 July 2009.
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Abstract
Consumer insolvency is a topic that has gained much prominence in the context of the financial crisis on both sides of the Atlantic. The number of bankruptcy filings has soared in recent years, and is not expected to go down in the near future. This CEPS Working Document explains the consumer bankruptcy procedures in the US and five European countries with quite different approaches: the UK, Ireland, Germany, France and Spain. Since there is no law on consumer insolvency in Italy, the situation in this country is outlined only briefly. When considering current statistics on consumer bankruptcies so far, the first effects of the economic crisis can be observed, so the question arises as to what is yet to come and which bankruptcy procedures are the most appropriate. After a short presentation of each insolvency procedure, the developments in national bankruptcy numbers are traced, highlighting striking developments in the different countries studied here.
| Item Type: | Working Paper |
|---|---|
| Remote Resource Image: |  |
| Public Domain: | No |
| Refereed: | No |
| Status: | Published |
| Authors, Individual: | Gerhardt, Maria. |
| Title: | Consumer Bankruptcy Regimes and Credit Default in the US and Europe: A comparative study. CEPS Working Document No. 318, 27 July 2009 |
| Language: | English |
| Journals and Series: | Series > Centre for European Policy Studies (Brussels) > CEPS Working Documents |
| Pages: | 25 |
| Month: | July |
| Year: | 2009 |
| Subjects: | EU policies and themes > External relations > EU-US Countries > U.K. Countries > Ireland Countries > France EU policies and themes > Policies & related activities > economic and financial affairs > general EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis/recession 2008-9 Countries > Spain Countries > Germany |
| Keywords: | Financial markets. |
| Alternative Locations: | http://shop.ceps.eu/BookDetail.php?item_id=1887 |
| ID Code: | 11336 |
| Deposited By: | Wilkin, Phil |
| Deposited On: | 27 July 2009 |
