The Models of Personal Bankruptcy in Western Europe

Roxana Hetes-Gavra (), Alexandru Avram () and Costin Daniel Avram ()
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Roxana Hetes-Gavra: West University of Timisoara Faculty of Economics and Business Administration
Alexandru Avram: West University of Timisoara Faculty of Economics and Business Administration
Costin Daniel Avram: University of Craiova Faculty of Economics and Business Administration

Ovidius University Annals, Economic Sciences Series, 2016, vol. XVI, issue 1, 544-550

Abstract: Personal bankruptcy is regulated in all the countries from Western Europe. We selected a group of three countries: France, Ireland and Germany, to analyze the ways in which physical persons are put under bankruptcy law protection, while considering that implementation of the personal bankruptcy law is constantly delayed in Romania. Taking into account some comparative studies, we have found out that in all three countries is applied the principle of “consumer-friendly legislation”.

Keywords: personal bankruptcy; insolvency proceedings; amicable settlement; judicial settlement (search for similar items in EconPapers)
JEL-codes: G33 K35 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xvi:y:2016:i:1:p:544-550

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