Comparative Consumer Bankruptcy

Abstract

This book explores the evolving laws of individual insolvency in response to the increasing consumer borrowing that fuels global economic growth. It focuses on the challenges that prompted revisions of consumer insolvency laws in Europe during the 1990s and early 2000s. By utilizing primary legal sources and empirical studies, the book provides an overview of consumer "overindebtedness" in the U.S. and Europe over the past two decades, while also examining the complex relationships societies have with financially overextended consumers and the ambiguous nature of contract law in the 21st century.

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