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...

The notion of compulsory debt clemency has come full circle during the past five millennia. This brief paper surveys this progression over three relatively distinct periods. In the first period, rulers in ancient Sumer and Babylon imposed periodic debt amnesties to maintain social stability,...

The first three years of operation of the new Russian personal bankruptcy procedure reveal a troubling flaw common to such new regimes: While the law on the books suggests a permissive and effective relief delivery procedure, the law in action has seen the vast majority of debtors barred from...

This Article takes advantage of a rare double opportunity to break new ground in commercial, consumer, and comparative law. First, it offers one of the first detailed analyses of key elements of the new U.S. consumer bankruptcy reform law, which will go into effect on October 17, 2005. Second,...

Comparative analyses of the treatment of excessive consumer debt are more relevant today than ever before, particularly given the recent overhaul of U.S. consumer bankruptcy and rapid developments in several new European consumer bankruptcy systems. This article is the next in a series designed...

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...