CEU Electronic Theses and Dissertations, 2019
| Author | Chkheidze, Nutsa |
|---|---|
| Title | Individual Bankruptcy Law in the US, UK and Germany. Lessons for: Georgia. |
| Summary | Law of insolvency is in tight connection with the development of economy. This includes consumer (individual) indebtedness, notwithstanding of what in many countries the bankruptcy systems lacks the regulations towards individual person’s indebtedness. The main advantage of a developed individual bankruptcy system is that it provides honest but over indebted individuals with a fresh start through discharging a substantial part of their debts. As Georgia has no individual bankruptcy laws as of yet, this thesis will try to see the key advantages of such developed systems as Germany, UK and the US to see which model is adaptable in Georgia. In the first part of this thesis discourse will be taken to the history of bankruptcy law and development of discharge notion in the United States, Germany and UK. There will be given a review of all main acts of related to the bankruptcy of individual persons, starting from the early times, concluded in today’s existing laws and procedures. In the second, third and forth chapter main points will be made on who is eligible under each system to file for bankruptcy proceedings, what kind of debts can be discharged and what assets can be qualified as exclusion, in other words which assets can be preserved by the debtor. The fifth chapter will be devoted to Georgia. In this chapter will be reviewed existing law related to individual bankruptcy and lastly will be suggested a new model for individual bankruptcy. |
| Supervisor | Tajti Tibor |
| Department | Legal Studies LLM |
| Full text | https://www.etd.ceu.edu/2019/chkheidze_nutsa.pdf |
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