Dealing with Private Debt Distress in the Wake of the European Financial Crisis A Review of the Economics and Legal Toolbox »
Series: IMF Working Papers
Author(s): Yan Liu , and Christoph Rosenberg
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 20 February 2013
Keywords: private sector debt, household insolvency, corporate insolvency, insolvency, insolvency law, Personal Bankruptcy Law,
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 t...