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7.1 Joint Settlement of Claims: The Law Has Come Into Effect
... on societal affects. what is needed is directives dealing with overindebtedness as a core issue and that should include the experts on overindebtedness the debtor and their advisers. liam ... established by the commercial code 1829) (iv) the civil code 1889 regulates the two procedures applicable to the situations of civil debtors in temporary financial distress or terminal insolvency, respectively; ...
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zusammenfassung-u1-u4.qxp
... have any kind of per- sonal bankruptcy procedure (judicial repayment programmes), and it is no issue of political discussion. over- indebtedness becomes a barrier to employment if debtors are facing ... is no reason to deny the request, the court declares the debt resche- duling regulations applicable and appoints an administrator who supervises the process. this process is largely identical to an ...
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Microsoft Word - Expert Recs and the Euro Model (Inaugural Lecture) v4 FINAL 12-10-2010.doc
... establish and encourage professional and independent debt-counseling, guarantee the public interest which is at issue in case of insolvency, and lower unproductive costs of ineffective debt-collection. 7 3 ... relief law), many of the ideas in this best project's final report are equally applicable to natural persons not engaged in business. most importantly, this project reflects a solidified ...
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