This book explores the rapidly evolving law of individual insolvency. As consumer borrowing and spending play a greater role in fueling worldwide economic growth, more and more countries are dealing with the casualties of the quot;democratization of creditquot; and the quot;open credit...

This is a chapter in a forthcoming comparative volume of essays on the legal aspects of crowdfunding, which in the US emerged into an environment of longstanding and heavy regulation of public investment solicitation (securities regulation). Existing rules inhibited fintech's broad outreach to...

This is an excerpt from a new, concise handbook on the civil procedure that few talk about and many do not know exists. It charts the metamorphosis by which the caterpillar of a money judgment is transformed into the butterfly of... money. It is a law student- and new practitioner-oriented...

This paper (an excerpt from a forthcoming book on cooperation in international insolvency) analyzes the theoretical debate between the two main polar alternatives in the administration of international insolvency (bankruptcy): quot;territorialismquot; and quot;universalism.quot; When financial...

In 2009, Facts on File will release a major scholarly reference work on public policy in the United States, a three-volume collection entitled Governing America: Major Policies and Decisions of Federal, State, and Local Government. The work will deal with approximately 150 areas of public...

In 2011, the World Bank initiated its first-ever examination of the policies and characteristics of effective insolvency systems for individuals (natural persons). This paper describes the two-year process that led to the publication of the World Bank's landmark Report on the Treatment of the...

This article advances detailed proposals for a European Personal Insolvency Directive as part of the European Commission's ongoing insolvency initiative. The Commission has been struggling with "soft" coordination of insolvency proceedings under the divergent national laws in the EU since 2000,...

In this paper, I draw on the insights of behavioral economics to explain the rise of consumer debt and analyze the potential of several emerging European consumer debt relief systems in preventing excessive consumer borrowing. First, I submit that behavioral economics offers compelling...

To add another enlightening dimension to current U.S. consumer bankruptcy reform debate, this Article describes the consumer provisions of the new German Insolvency Act. It reports on Germany's rising consumer debt problem and the various ways in which German debtor-creditor law failed to...

For nearly thirty years, legislators in Europe and South America have looked to mediation as a preferred mechanism for resolving the rising problem of personal overindebtedness. This reliance has generally been misplaced, as voluntary personal debt conciliation has most often ended in failure....