Consequences of Changes in Consumer Bankruptcy Regulations
The purpose of the article/hypothesis: The aim of the article is to review and present changes to the consumer bankruptcy law and the implications of these changes for individual debtors. Methodology: The study deals with the effects of bankruptcy proceedings against individual debtors who do not...
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| Format: | Article |
| Language: | deu |
| Published: |
Lodz University Press
2023-03-01
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| Series: | Finanse i Prawo Finansowe |
| Subjects: | |
| Online Access: | https://czasopisma.uni.lodz.pl/fipf/article/view/17206 |
| _version_ | 1797853399966810112 |
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| author | Joanna Stępińska |
| author_facet | Joanna Stępińska |
| author_sort | Joanna Stępińska |
| collection | DOAJ |
| description | The purpose of the article/hypothesis: The aim of the article is to review and present changes to the consumer bankruptcy law and the implications of these changes for individual debtors.
Methodology: The study deals with the effects of bankruptcy proceedings against individual debtors who do not conduct business activity (remission of bankrupt's liabilities, or at least partial repayment of creditors by the debtors) together with the analysis of changes in the law. It will be used to verify the hypothesis that the liberalization of regulations has resulted in an increase in the number of consumer bankruptcy petitions filed, as well as open bankruptcy proceedings conducted against individual debtors.
Results of the research: The results of the analysis presented in the paper support the hypothesis that the liberalization of regulations in the area of consumer bankruptcy has resulted in a significant increase in the number of consumer bankruptcy petitions and open bankruptcy proceedings against individual debtors. It seems that as crucial as creating a possibility for the indebted to return to normality in the form of consumer bankruptcy, it is equally important to take care of the sense of equality in this process. It is vital to be aware that consumer debt relief comes at the expense of other market participants – obviously direct creditors but the general public as well. |
| first_indexed | 2024-04-09T19:50:02Z |
| format | Article |
| id | doaj.art-a1a950e40c554d28bd8d26b4c1186625 |
| institution | Directory Open Access Journal |
| issn | 2391-6478 2353-5601 |
| language | deu |
| last_indexed | 2024-04-09T19:50:02Z |
| publishDate | 2023-03-01 |
| publisher | Lodz University Press |
| record_format | Article |
| series | Finanse i Prawo Finansowe |
| spelling | doaj.art-a1a950e40c554d28bd8d26b4c11866252023-04-03T10:11:50ZdeuLodz University PressFinanse i Prawo Finansowe2391-64782353-56012023-03-0113710312110.18778/2391-6478.1.37.0616954Consequences of Changes in Consumer Bankruptcy RegulationsJoanna Stępińska0https://orcid.org/0000-0002-1283-4622Wydział Ekonomiczno–Socjologiczny, Uniwersytet ŁódzkiThe purpose of the article/hypothesis: The aim of the article is to review and present changes to the consumer bankruptcy law and the implications of these changes for individual debtors. Methodology: The study deals with the effects of bankruptcy proceedings against individual debtors who do not conduct business activity (remission of bankrupt's liabilities, or at least partial repayment of creditors by the debtors) together with the analysis of changes in the law. It will be used to verify the hypothesis that the liberalization of regulations has resulted in an increase in the number of consumer bankruptcy petitions filed, as well as open bankruptcy proceedings conducted against individual debtors. Results of the research: The results of the analysis presented in the paper support the hypothesis that the liberalization of regulations in the area of consumer bankruptcy has resulted in a significant increase in the number of consumer bankruptcy petitions and open bankruptcy proceedings against individual debtors. It seems that as crucial as creating a possibility for the indebted to return to normality in the form of consumer bankruptcy, it is equally important to take care of the sense of equality in this process. It is vital to be aware that consumer debt relief comes at the expense of other market participants – obviously direct creditors but the general public as well.https://czasopisma.uni.lodz.pl/fipf/article/view/17206consumer bankruptcyindividual debtorindebtnes and insolvency of natural personbankruptcy lawdischarge of debts |
| spellingShingle | Joanna Stępińska Consequences of Changes in Consumer Bankruptcy Regulations Finanse i Prawo Finansowe consumer bankruptcy individual debtor indebtnes and insolvency of natural person bankruptcy law discharge of debts |
| title | Consequences of Changes in Consumer Bankruptcy Regulations |
| title_full | Consequences of Changes in Consumer Bankruptcy Regulations |
| title_fullStr | Consequences of Changes in Consumer Bankruptcy Regulations |
| title_full_unstemmed | Consequences of Changes in Consumer Bankruptcy Regulations |
| title_short | Consequences of Changes in Consumer Bankruptcy Regulations |
| title_sort | consequences of changes in consumer bankruptcy regulations |
| topic | consumer bankruptcy individual debtor indebtnes and insolvency of natural person bankruptcy law discharge of debts |
| url | https://czasopisma.uni.lodz.pl/fipf/article/view/17206 |
| work_keys_str_mv | AT joannastepinska consequencesofchangesinconsumerbankruptcyregulations |