Publication:
Report on the Treatment of the Insolvency of Natural Persons

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dc.contributor.author Insolvency and Creditor/Debtor Regimes Task Force
dc.date.accessioned 2014-04-02T21:12:31Z
dc.date.available 2014-04-02T21:12:31Z
dc.date.issued 2014-01
dc.description.abstract This report addresses the insolvency of natural persons following this structure: a first part introduces the objectives and nature of the report, deals with general issues, and describes the foundations of a system for the treatment of the insolvency of natural persons. The second part of the report analyzes the core legal attributes of system for the treatment of the insolvency of natural persons: within this system, the most relevant questions are analyzed in depth, namely the design of the system and the institutional framework, access to the system, the participation of creditors, the solutions to the insolvency process, and discharge. The main objective of this report is to provide guidance on the characteristics of an effective insolvency regime for natural persons and on the opportunities and challenges encountered in the development of such a regime. In this regard, the report raises awareness about the importance of a regime for the treatment of the insolvency of natural persons, and explores the advantages and disadvantages of the solutions to the numerous practical issues that have to be confronted in the design of an insolvency regime for natural persons. en
dc.identifier http://documents.worldbank.org/curated/en/2014/01/18836883/world-working-group-treatment-insolvency-natural-persons
dc.identifier.uri http://hdl.handle.net/10986/17606
dc.language English
dc.language.iso en_US
dc.publisher World Bank, Washington, DC
dc.rights CC BY 3.0 IGO
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject ACCIDENTS
dc.subject ACCOUNT DEBTOR
dc.subject ACCOUNT DEBTORS
dc.subject ACCOUNT RECEIVABLE
dc.subject ACCOUNTS RECEIVABLE
dc.subject ADMINISTRATIVE EXPENSES
dc.subject ASSET SALES
dc.subject ASSET VALUE
dc.subject ASSETS
dc.subject AVAILABILITY OF CREDIT
dc.subject BALANCE SHEET
dc.subject BALANCE SHEETS
dc.subject BANK INSOLVENCY
dc.subject BANKRUPTCY
dc.subject BANKRUPTCY PROFESSIONALS
dc.subject BLACK MARKET
dc.subject BORROWER
dc.subject BUSINESS DEBTORS
dc.subject BUSINESS INSOLVENCY
dc.subject CASE OF DEFAULT
dc.subject CASH FLOW
dc.subject CLAIM
dc.subject COLLATERAL
dc.subject COLLECTION SYSTEM
dc.subject COLLECTIVE ACTION
dc.subject COLLECTIVE ACTION PROBLEM
dc.subject COMMERCIAL CREDIT
dc.subject CONSUMER DEBT
dc.subject CONSUMER LAW
dc.subject CONSUMER PROTECTION
dc.subject CORRUPTION
dc.subject COURT SYSTEM
dc.subject CREDIT CARD
dc.subject CREDIT EXTENSION
dc.subject CREDIT INSTITUTIONS
dc.subject CREDIT REPORTING
dc.subject CREDIT SOCIETIES
dc.subject CREDITOR
dc.subject CREDITOR RIGHTS
dc.subject CREDITOR RIGHTS SYSTEMS
dc.subject CREDITORS
dc.subject DEBT
dc.subject DEBT ADJUSTMENT
dc.subject DEBT BURDEN
dc.subject DEBT BURDENS
dc.subject DEBT COLLECTION
dc.subject DEBT COLLECTIONS
dc.subject DEBT PROBLEMS
dc.subject DEBT RELIEF
dc.subject DEBT REPAYMENT
dc.subject DEBT SERVICE
dc.subject DEBT SERVICING
dc.subject DEBTOR
dc.subject DEBTOR FRAUD
dc.subject DEBTOR'S PROPERTY
dc.subject DEBTORS
dc.subject DEFAULT JUDGMENT
dc.subject DEFAULT JUDGMENTS
dc.subject DEFAULTS
dc.subject DEPOSITS
dc.subject DEVELOPING COUNTRIES
dc.subject DISCHARGE OF DEBT
dc.subject DISPOSABLE INCOME
dc.subject DISTRESSED DEBT
dc.subject DIVORCE
dc.subject DOMESTIC LAWS
dc.subject ECONOMIC CIRCUMSTANCES
dc.subject ECONOMIC DEVELOPMENT
dc.subject ECONOMIC REGULATION
dc.subject EDUCATIONAL LOANS
dc.subject EFFECTIVE INSOLVENCY
dc.subject ENFORCEMENT OF CLAIMS
dc.subject ENFORCEMENT OF JUDGMENTS
dc.subject ENFORCEMENT SYSTEM
dc.subject ENFORCEMENT SYSTEMS
dc.subject ENTRY REQUIREMENTS
dc.subject EQUIPMENT
dc.subject ESTATE
dc.subject EXCESSIVE DEBT
dc.subject EXPROPRIATION
dc.subject FEDERAL RESERVE
dc.subject FEDERAL RESERVE BANK
dc.subject FINANCIAL CRISIS
dc.subject FINANCIAL DIFFICULTY
dc.subject FINANCIAL DISTRESS
dc.subject FINANCIAL FLOWS
dc.subject FINANCIAL INTERMEDIATION
dc.subject FINANCIAL RESPONSIBILITY
dc.subject FINANCIAL SITUATION
dc.subject FINANCIAL STABILITY
dc.subject FINANCIAL STRESS
dc.subject FINANCIAL SYSTEM
dc.subject FORGIVENESS
dc.subject FORMAL INSOLVENCY
dc.subject FRAUD
dc.subject GARNISHMENT
dc.subject GLOBALIZATION
dc.subject GOVERNMENT DEBTS
dc.subject GOVERNMENT INTERVENTION
dc.subject GOVERNMENT REGULATORS
dc.subject GOVERNMENT SUBSIDIES
dc.subject HOME MORTGAGES
dc.subject HOUSEHOLD DEBT
dc.subject INDEBTED
dc.subject INDEBTEDNESS
dc.subject INDIRECT COSTS
dc.subject INDIVIDUAL CREDITOR
dc.subject INDIVIDUAL CREDITORS
dc.subject INDIVIDUAL DEBTOR
dc.subject INDIVIDUAL DEBTORS
dc.subject INDIVIDUAL LIABILITY
dc.subject INFORMAL DISPUTE RESOLUTION
dc.subject INFORMAL WORKOUT
dc.subject INFORMAL WORKOUTS
dc.subject INFORMATION ASYMMETRY
dc.subject INSOLVENCIES
dc.subject INSOLVENCY
dc.subject INSOLVENCY AREA
dc.subject INSOLVENCY CASE
dc.subject INSOLVENCY LAW
dc.subject INSOLVENCY LAWS
dc.subject INSOLVENCY MECHANISM
dc.subject INSOLVENCY POLICY
dc.subject INSOLVENCY PRACTITIONERS
dc.subject INSOLVENCY PROCEDURE
dc.subject INSOLVENCY PROCEDURES
dc.subject INSOLVENCY PROCEEDING
dc.subject INSOLVENCY PROCEEDINGS
dc.subject INSOLVENCY PROCESS
dc.subject INSOLVENCY REFORM
dc.subject INSOLVENCY REGIME
dc.subject INSOLVENCY REGIMES
dc.subject INSOLVENCY RELIEF
dc.subject INSOLVENCY REPRESENTATIVE
dc.subject INSOLVENCY REPRESENTATIVES
dc.subject INSOLVENCY SYSTEM
dc.subject INSOLVENCY SYSTEMS
dc.subject INSOLVENT
dc.subject INSOLVENT DEBTOR
dc.subject INSOLVENT DEBTORS
dc.subject INSOLVENT INDIVIDUALS
dc.subject INSTITUTIONAL CAPACITIES
dc.subject INSTITUTIONAL FRAMEWORK
dc.subject INSTITUTIONAL FRAMEWORKS
dc.subject INSURANCE
dc.subject INTERNATIONAL BANK
dc.subject INTERNATIONAL TRADE
dc.subject INTERNATIONAL TRADE LAW
dc.subject INVESTING
dc.subject JUDGES
dc.subject JUDGMENT
dc.subject JUDICIAL SYSTEM
dc.subject JUDICIARY
dc.subject JURISDICTIONS
dc.subject LABOR MARKET
dc.subject LAND TENURE
dc.subject LEGAL FRAMEWORKS
dc.subject LEGAL REFORMS
dc.subject LEGAL SYSTEMS
dc.subject LEGAL TRADITIONS
dc.subject LEGISLATIVE GUIDE ON INSOLVENCY LAW
dc.subject LENDERS
dc.subject LIMITED LIABILITY
dc.subject LIQUIDATION
dc.subject LOAN
dc.subject LOAN PORTFOLIOS
dc.subject LOSS OF VALUE
dc.subject MANDATE
dc.subject MODEL LAW
dc.subject MONETARY FUND
dc.subject MORAL HAZARD
dc.subject MORTGAGE
dc.subject MORTGAGES
dc.subject NEGOTIATIONS
dc.subject PARTICIPATION OF CREDITORS
dc.subject PARTICULAR ASSETS
dc.subject PAYMENT FOR CREDITORS
dc.subject PAYMENT OF CLAIMS
dc.subject PAYMENT PLAN
dc.subject PAYMENT PLANS
dc.subject PAYMENT TO CREDITORS
dc.subject PAYMENTS TO CREDITORS
dc.subject PENALTIES
dc.subject PENSION
dc.subject PERSONAL BANKRUPTCY
dc.subject PERSONAL BANKRUPTCY LAW
dc.subject PERSONAL GUARANTEES
dc.subject PERSONAL LIABILITY
dc.subject POOL OF ASSETS
dc.subject POTENTIAL INSOLVENCY
dc.subject PREVENTION OF INSOLVENCY
dc.subject PROBLEM OF CONSUMER INSOLVENCY
dc.subject PROPERTY RIGHTS
dc.subject REAFFIRMATION AGREEMENTS
dc.subject RECEIVABLES
dc.subject RESERVE BANK
dc.subject RETURN
dc.subject RETURNS
dc.subject RISK OF DEFAULT
dc.subject ROLE OF COURTS
dc.subject RULE OF LAW
dc.subject SAFETY NETS
dc.subject SALARY
dc.subject SETTLEMENT
dc.subject SHAREHOLDERS
dc.subject SLAVERY
dc.subject SOPHISTICATED CREDITORS
dc.subject SPECIFIC CREDITORS
dc.subject STATE OF INSOLVENCY
dc.subject TAX
dc.subject TAX DEDUCTIONS
dc.subject TREATMENT OF INSOLVENCY
dc.subject TYPES OF INSOLVENCY
dc.subject UNSOPHISTICATED CREDITORS
dc.subject VALUATION
dc.subject VALUE OF ASSETS
dc.subject WAGES
dc.subject WITHDRAWAL
dc.subject WORKOUT AGREEMENT
dc.title Report on the Treatment of the Insolvency of Natural Persons en
dspace.entity.type Publication
okr.date.disclosure 2014-01-23
okr.doctype Publications & Research :: Working Paper
okr.doctype Publications & Research
okr.docurl http://documents.worldbank.org/curated/en/2014/01/18836883/world-working-group-treatment-insolvency-natural-persons
okr.globalpractice Finance and Markets
okr.globalpractice Governance
okr.globalpractice Trade and Competitiveness
okr.identifier.externaldocumentum 000333037_20140123123111
okr.identifier.internaldocumentum 18836883
okr.identifier.report ACS6818
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/01/23/000333037_20140123123111/Rendered/PDF/ACS68180WP0P120Box0382094B00PUBLIC0.pdf en
okr.sector Public Administration, Law, and Justice :: Law and justice
okr.sector Finance :: Payment systems, securities clearance and settlement
okr.sector Finance :: General finance sector
okr.theme Rule of law :: Access to law and justice
okr.theme Rule of law :: Judicial and other dispute resolution mechanisms
okr.theme Rule of law :: Personal and property rights
okr.theme Financial and private sector development :: Other financial and private sector development
okr.theme Social protection and risk management :: Social safety nets
okr.topic International Economics and Trade :: External Debt
okr.topic Finance and Financial Sector Development :: Deposit Insurance
okr.topic Law and Development :: Corporate Law
okr.topic Finance and Financial Sector Development :: Debt Markets
okr.topic Finance and Financial Sector Development :: Bankruptcy and Resolution of Financial Distress
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