European Parliament Library

Dealing with Private Debt Distress in the Wake of the European Financial Crisis A Review of the Economics and Legal Toolbox, Yan Liu, Christoph Rosenberg

The private non-financial sector in Europe is facing increased challenges in meeting its debt servicing obligation. In response, governments are revisiting legal tools and—in some cases—institutional arrangements to deal with over-indebtedness. For households, where the problem in some countries is large but no established best practice exists, reforms have generally sought to allow debtors a fresh start while minimizing moral hazard and preserving bank solvency and credit discipline. For the corporate sector, efforts have focused on facilitating debt restruturing (including through out of court mechanisms). Direct government intervention has been rare
Table Of Contents
Cover; Abstract; Contents; I: Introduction; II: Private Sector Debt and Economic Recovery; Figures; 1. Household and Corporate Sector Debt; 2. Household Debt; 3. Corporate Debt; 4. NPL Ratios; III. Recent Private Insolvency Reforms in Selected European Countries; 5. Resolving Corporate Insolvency Indicators; 6. Corporate Insolvencies; 7. Household Insolvencies; Tables; 1. Recent Corporate Insolvency Law Reform and Out of Court Restructuring: Selected European Countries; Boxes; A. Fast Track Court Approval Procedures; B. Corporate Insolvency Law - Key Features
Literary Form
non fiction
February 2013
Physical Description
1 online resource (22 p.)
Specific Material Designation
Form Of Item

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