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Bankruptcy: the case for relief in an economy of debt

Spooner, Joseph (2019) Bankruptcy: the case for relief in an economy of debt. International Corporate Law and Financial Market Regulation. Cambridge University Press, Cambridge, UK. ISBN 9781107166943

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Identification Number: 10.1017/9781316711484

Abstract

A decade after the Global Financial Crisis and Great Recession, developed economies continue to struggle under excessive household debt. While exacerbating inequality and political unrest, this debt - when combined with wage stagnation and a shrinking welfare state - has played a key role in maintaining economic growth and allowing households faced with rising costs of living to make ends meet. In Bankruptcy: The Case for Relief in an Economy of Debt, Joseph Spooner examines this economic model and finds it increasingly unsustainable. In a call to action to reduce debt burden, he turns to bankruptcy law, which is uniquely situated as a mechanism of social insurance against the risks of a debt-dependent economy. This book should be read by anyone interested in understanding the problem of consumer debt and how best to address it.

Item Type: Book
Official URL: https://www.cambridge.org/gb/academic/subjects/law...
Additional Information: © 2019 The Author
Divisions: Law
Subjects: K Law > K Law (General)
Date Deposited: 11 Feb 2019 16:00
Last Modified: 04 Oct 2024 01:33
URI: http://eprints.lse.ac.uk/id/eprint/100071

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