8 - Conclusion

Summary

Chapter 8’s conclusion opens by summarising the above analysis and by illustrating the global relevance of the critique of English law advanced. It uses insight from the English case to critique contemporary approaches of international organisations that tend to view bankruptcy as a debt collection tool and favour ‘market-based debt resolution’ mechanisms for addressing household debt problems. In turn, the chapter outlines the implications of the social insurance theory for policy design, and how abstract ideas can be translated into technical features of bankruptcy law.