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The Models of Personal Bankruptcy in Western Europe

Author

Listed:
  • 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)

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”.

Suggested Citation

  • Roxana Hetes-Gavra & Alexandru Avram & Costin Daniel Avram, 2016. "The Models of Personal Bankruptcy in Western Europe," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 544-550, July.
    • Handle: RePEc:ovi:oviste:v:xvi:y:2016:i:1:p:544-550
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    File URL: http://stec.univ-ovidius.ro/html/anale/RO/wp-content/uploads/2015/03/ANALE-vol-16_issue_1_site.pdf
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    More about this item

    Keywords

    personal bankruptcy; insolvency proceedings; amicable settlement; judicial settlement;
    All these keywords.

    JEL classification:

    • K35 - Law and Economics - - Other Substantive Areas of Law - - - Personal Bankruptcy Law
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation

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