Consumer Insolvency Regimes
Lead by Esra Louise CelebiThe comparative analysis within the field of consumer insolvency centers on the temporal scale of discharge procedures. As insolvent debtors cannot fully pay claims, alternate considerations become crucial for receiving a discharge. These involve liquidation, partial payments and behavioral obligations that legal orders specify differently – all within a certain temporal frame that sets the procedural stage.
The sampled countries’ temporal spectra reveal how different rationalities manifest and how law resolves conflicts. These balancing decisions reflect the plural values underpinning varying political notions of debt relief in law. More tangibly, the focus is on three temporal components of consumer discharge procedures and their extent: discharge, revocation, and blocking periods and their interplay.