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7.1 Joint Settlement of Claims: The Law Has Come Into Effect
... can observe that many informed consumers successfully use debt to shift expenditure from one period of their lives to another. however, for some households, for various reasons, the ... recommendation seven. 7 recommendation european model procedure for debt settlement the principle country who offer debt settlement schemes are belgium, france, finland, sweden, switzerland and norway. there are ...
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Netherlands cf USA Cons BK Reform v2.doc
... more slowly than consumer debt levels, significantly reducing the percentage repayment that debtors could offer creditors. one prominent survey of files in the voluntary arrangement process in 1997, for ... counselors. combined delays of three to nine months often result from the initial waiting period and the process of collecting--and sometimes cajoling--creditors' assent to voluntary plans.91 ...
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Microsoft Word - Expert Recs and the Euro Model (Inaugural Lecture) v4 FINAL 12-10-2010.doc
... conventional, delictual, and even administrative obligations pacta sunt servanda--requiescat in pace? 1. offer a legislative path to rehabilitation through discharge in 1990, only denmark and the ... provides yet another independent path to discharge, but only following a 12-year waiting period after conclusion of bankruptcy proceedings. most commentators, including in ireland, do not consider ...
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