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Concept information

Preferred term

economics of consumer bankruptcy  

Definition

  • In many countries, individuals whose debts have become excessive have the right to file for consumer bankruptcy. Under certain circumstances, a court will partly discharge the person's debt. [Source: Encyclopedia of Law & Society: American and Global Perspectives; Consumer Bankruptcy, Economics Of]

Broader concept

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URI

http://data.loterre.fr/ark:/67375/N9J-DSPXSM16-G

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