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Comparative Consumer Insolvency Regimes - A Canadian Perspective (Hardcover, New)
Loot Price: R3,008
Discovery Miles 30 080
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Comparative Consumer Insolvency Regimes - A Canadian Perspective (Hardcover, New)
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All modern legal systems within advanced economies must address the
question of how to respond to the needs of insolvent consumers
whose burden of debt greatly exceeds their capacity to repay within
a reasonable time frame. This study surveys comparatively the
insolvency regimes currently in place or likely to be adopted in
the foreseeable future in Canada, the United States, Australia,
England and Wales, Scotland, Scandinavia and a representative group
of Western countries on the continent of Europe. Modern legal
systems have two basic alternatives in providing relief for
over-committed consumers. The first, which involves restricting the
enforcement of individual creditor remedies is a method with which
this study is not concerned. Where the consumer is seriously
insolvent and owes money to many creditors, a different approach is
required - a collective solution to debtor's problems - and this,
the solution provided by modern insolvency systems, is the focus of
this study.
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