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Report on the Treatment of the Insolvency of Natural Persons
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Insolvency and Creditor/Debtor Regimes Task Force.
- Series:
- Other papers
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Access to Law and Justice.
- Bankruptcy.
- Bankruptcy and Resolution of Financial Distress.
- Collateral.
- Collective Action.
- Consumer Protection.
- Corporate Law.
- Corruption.
- Debt.
- Debt Markets.
- Deposit Insurance.
- Developing Countries.
- Divorce.
- Economic Development.
- External Debt.
- Federal Reserve.
- Finance and Financial Sector Development.
- Financial and Private Sector Development.
- Financial Crisis.
- Financial Stability.
- Fraud.
- Globalization.
- Information Asymmetry.
- Insolvency.
- Insurance.
- Judicial and Other Dispute Resolution Mechanisms.
- Judiciary.
- Labor Market.
- Land Tenure.
- Law and Development.
- Moral Hazard.
- Mortgages.
- Other Financial and Private Sector Development.
- Penalties.
- Personal and Property Rights.
- Property Rights.
- Rule of Law.
- Slavery.
- Social Protection and Risk Management.
- Social Safety Nets.
- Tax Deductions.
- Wages.
- Local Subjects:
- Access to Law and Justice.
- Bankruptcy.
- Bankruptcy and Resolution of Financial Distress.
- Collateral.
- Collective Action.
- Consumer Protection.
- Corporate Law.
- Corruption.
- Debt.
- Debt Markets.
- Deposit Insurance.
- Developing Countries.
- Divorce.
- Economic Development.
- External Debt.
- Federal Reserve.
- Finance and Financial Sector Development.
- Financial and Private Sector Development.
- Financial Crisis.
- Financial Stability.
- Fraud.
- Globalization.
- Information Asymmetry.
- Insolvency.
- Insurance.
- Judicial and Other Dispute Resolution Mechanisms.
- Judiciary.
- Labor Market.
- Land Tenure.
- Law and Development.
- Moral Hazard.
- Mortgages.
- Other Financial and Private Sector Development.
- Penalties.
- Personal and Property Rights.
- Property Rights.
- Rule of Law.
- Slavery.
- Social Protection and Risk Management.
- Social Safety Nets.
- Tax Deductions.
- Wages.
- Place of Publication:
- Washington, D.C. : The World Bank, 2014.
- System Details:
- data file
- Summary:
- This report addresses the insolvency of natural persons following this structure: a first part introduces the objectives and nature of the report, deals with general issues, and describes the foundations of a system for the treatment of the insolvency of natural persons. The second part of the report analyzes the core legal attributes of system for the treatment of the insolvency of natural persons: within this system, the most relevant questions are analyzed in depth, namely the design of the system and the institutional framework, access to the system, the participation of creditors, the solutions to the insolvency process, and discharge. The main objective of this report is to provide guidance on the characteristics of an effective insolvency regime for natural persons and on the opportunities and challenges encountered in the development of such a regime. In this regard, the report raises awareness about the importance of a regime for the treatment of the insolvency of natural persons, and explores the advantages and disadvantages of the solutions to the numerous practical issues that have to be confronted in the design of an insolvency regime for natural persons.
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