Book contents
- Bankruptcy: The Case for Relief in an Economy of Debt
- International Corporate Law and Financial Market Regulation
- Bankruptcy: The Case for Relief in an Economy of Debt
- Copyright page
- Dedication
- Contents
- Figures
- Preface and Acknowledgments
- 1 Introduction
- 2 Financialised Capitalism and the Centrality of Household Debt
- 3 Consumer Bankruptcy Theory and the Case for Debt Relief
- 4 A Consumer Bankruptcy Marketplace
- 5 The Limits of Contractual Consumer Bankruptcy
- 6 The Austere Creditor: Austerity, Bankruptcy Policy and Government Debt Collection
- 7 Moral Hazard and Bankruptcy Abuse Prevention
- 8 Conclusion
- Index
8 - Conclusion
Published online by Cambridge University Press: 22 March 2019
Book contents
- Bankruptcy: The Case for Relief in an Economy of Debt
- International Corporate Law and Financial Market Regulation
- Bankruptcy: The Case for Relief in an Economy of Debt
- Copyright page
- Dedication
- Contents
- Figures
- Preface and Acknowledgments
- 1 Introduction
- 2 Financialised Capitalism and the Centrality of Household Debt
- 3 Consumer Bankruptcy Theory and the Case for Debt Relief
- 4 A Consumer Bankruptcy Marketplace
- 5 The Limits of Contractual Consumer Bankruptcy
- 6 The Austere Creditor: Austerity, Bankruptcy Policy and Government Debt Collection
- 7 Moral Hazard and Bankruptcy Abuse Prevention
- 8 Conclusion
- Index
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.
- Type
- Chapter
- Information
- BankruptcyThe Case for Relief in an Economy of Debt, pp. 271 - 281Publisher: Cambridge University PressPrint publication year: 2019