This paper analyses the dynamics of personal insolvencies in Germany and the UK, focusing on the recent recession … different approaches to deal with overindebted individuals. In Germany unfortunate households who file on their debt are … discharged relatively fast. In line with their different insolvency procedures, the two countries also represent two different …

stehen, verlagert sich das Problem der Insolvenz jedoch lediglich auf einen späteren Zeitpunkt. Um dies zu verhindern …

Ireland, the United Kingdom (England and Wales), France and Germany. When viewed comparatively, the four case studies offer …

This paper presents new evidence on the importance of insolvency frameworks for private sector debt deleveraging and … for the resolution of non-performing loans (NPL). We construct an aggregate insolvency framework index (IFI), which is …, our results indicate that better insolvency frameworks lead to faster NPL reductions and to lower NPL increases during …

, especially, the financial cost of filing for bankruptcy. We study the effects of the reform on bankruptcy, insolvency, and …. We find that the decline in bankruptcy filings resulted in a rise in the rate and persistence of insolvency as well as an … that insolvency is associated with worse financial outcomes than bankruptcy, as insolvent individuals have less access to …