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1 - 4 van 4 voor both process
7.1 Joint Settlement of Claims: The Law Has Come Into Effect
... . the report made reference to the growing recognition of the phenomenon of household debt on both a national and european level. the report mentions the desirability of working definitions, to create ... is the inability to pay debts whilst bankruptcy is the legal process that person must go through. debt settlement is the process that allows a heavily indebted person to repay creditors to ...
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Netherlands cf USA Cons BK Reform v2.doc
... both encourage and leverage off of the decades-old system of credit counseling and voluntary arrangements administered largely by local authorities. just as it does in germany,89 the process ... both germany and the netherlands, policymakers now propose to move this cramdown phase into the pre-court voluntary process ... german legislators undertook a similar process, and they ultimately increased the ...
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zusammenfassung-u1-u4.qxp
... court declares the debt resche- duling regulations applicable and appoints an administrator who supervises the process. this process is largely identical to an amicable settlement. for a period of three years ... plan accepted by all. this friendly mediation is based on the good will of both, overindebted people and creditors. if the overindebtedness situation is problematic or if no agreement ...
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Microsoft Word - Expert Recs and the Euro Model (Inaugural Lecture) v4 FINAL 12-10-2010.doc
... 's recommendation simply calls for plans to be reasonable, in accordance with national practices, both in repayment obligations and in duration. the explanatory memorandum adds that w hat may ... enforcement provisions of the belgian judicial code (gerechtelijk wetboek code judiciaire) to provide a process for debt adjustment and discharge. finally, on 8 december 2000, luxembourg followed the french ...
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