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Netherlands cf USA Cons BK Reform v2.doc
... , has always carried an entirely different meaning. the dutch bankruptcy law (faillissementswet) has been in force since 1896, and like its u.s. analogue, it applies to individuals of all vocations ... wait. the declining rate of success for this time- and labor-intensive process has continued after the december 1998 entry into force of the wsnp. after falling from just over 50% in ...
www.wsnp.rvr.org
Microsoft Word - Expert Recs and the Euro Model (Inaugural Lecture) v4 FINAL 12-10-2010.doc
... compromise (tvangsakkord) was unsuitable for consumer debtors. the debt adjustment system was designed to force creditors in every case to accept a legally imposed reasonably compromise in order to ... in response to years of criticism of the long delays and fruitless waste of labor in the required consensual renegotiation stage, which even many creditor representatives considered nearly meaningless. ...
www.wsnp.rvr.org
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