. Creditor strategy in individual insolvency. Managerial Finance, 28(6), is available at: www.emeraldinsight.com/0307-4358.htm. …Under UK Insolvency law creditors face a strategic choice when dealing with someinsolvent individual debtors. Since … 1986 Individual Voluntary Arrangements (IVAs) havebeen available to return better recoveries than bankruptcy but returns …

, etc.), as well as those in proceedings. of pre-insolvency / insolvency. In this paper we aim to identify and analyze the … legislative changes that the Romanian authorities have operated in the field of insolvency while highlighting their implications … on economic activity. Our scientific approach begins with defining and specifying the scope of insolvency as well as …

capital gains tax (CGT). Comprehensive legislation wasincluded in the Income Tax Act (8th schedule) to regulate this new form …

outline key strategies adopted by two major banks in respect of formal insolvency, the “tip” of a considerable debt recovery … draws on empirical research that has charted the effect of the Insolvency Act 1986 as regards individual debtors … centralisation and outsourcing policies against the critical risks in insolvency. It also suggests that the bargaining power of major …

period the nature of the banks’ “safety net”, the sanction of insolvency proceedings has changed too. The effect of this is …. However, increased risk is masked by creditor power in recovery situations.This paper draws on theoretical and empirical …

the Spanish bankruptcy system relative to that of an alternative insolvency institution, the mortgage system, and the … a hypothesis to explain why Spain has one of the world’s lowest business bankruptcy rates, even during the current … unattractiveness of the personal bankruptcy law ; Utilizando una amplia base de datos de más de 1 millón de empresas españolas …

as follows. The low efficiency and low creditor protection of the Spanish bankruptcy system relative to those of an … liquidaciones ineficientes ; The paper warns about the potential efficiency losses associated with low business bankruptcy rates … (number of fi rms filing for bankruptcy as a proportion of the total stock of firms) and shows that welfare could be improved …

corporativa y personal ; Small businesses, the majority of Spanish firms, rarely file for formal bankruptcy, and this has been the … case even during the current economic crisis. This suggests that bankruptcy law has a limited role to play in the distress … of small firms. We propose an explanation based on two premises: (i) bankruptcy procedures are more costly and drawn out …

efficient or whether it will be on the verge of bankruptcy. …