Insolvency Law has finally become a field of law for which harmonisation at a European level is considered both important and feasible. In deciding upon the content of such harmonized rules, there will need to be a common understanding about the goals of insolvency law and therefore a European...

Using a unique data set on German banks' loans to the German real economy, we investigate banks' credit risk. This data set includes the volume of loans per bank and industry as well as the corresponding write-downs. Our empirical study for the period 2003-2011 yields the following results: (i)...

Using a unique data set on German banks' loans to the German real economy, we investigate banks' credit risk. This data set contains the volume of loans, and write-downs on loans, per bank and industry. Our empirical study for the period 2003-2011 yields the following results: (i) alongside the...

The recent global trends in personal bankruptcy policy – in particular, the European tendency to introduce discharge of consumer debt – represents a unique opportunity to have a second and deeper look at bankruptcy discharge and assess the effectiveness of the American debate on this topic....