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Personal bankruptcy law, fresh starts and judicial practice

Author

Listed:
  • Régis Blazy

    (EM Strasbourg - École de Management de Strasbourg = EM Strasbourg Business School - UNISTRA - Université de Strasbourg)

  • Bertrand Chopard

    (BETA - Bureau d'Économie Théorique et Appliquée - INRA - Institut National de la Recherche Agronomique - UNISTRA - Université de Strasbourg - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique)

  • Eric Langlais

    (EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique)

  • Ydriss Ziane

    (IAE Paris - Sorbonne Business School)

Abstract

We explore the rationale behind and the mechanisms employed by French judges while discharging personal debts in exchange for liquidation of debtors' assets. Our empirical results highlight the determinants of judicial selection between debtors whose debts are wiped out and those who have to reimburse them. We find that French judges tend to disqualify debtors with multiple creditors from debt discharge, and are sensitive to variables representative of economic activity in the courts' locality. These empirical results help us to understand better how much French personal bankruptcy law is rather pro-creditor than pro-debtor.

Suggested Citation

  • Régis Blazy & Bertrand Chopard & Eric Langlais & Ydriss Ziane, 2013. "Personal bankruptcy law, fresh starts and judicial practice," Post-Print hal-01385890, HAL.
    • Handle: RePEc:hal:journl:hal-01385890
    DOI: 10.1628/093245613X13806312325814
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    Cited by:

    1. is not listed on IDEAS
    2. Miguel García-Posada & Juan Mora-Sanguinetti, 2014. "Are there alternatives to bankruptcy? A study of small business distress in Spain," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 5(2), pages 287-332, August.
    3. Wolter Hassink & Lotte Muller & Frans Dijk & Frank Tulder, 2025. "Resolving Insolvency - Labour-Market Consequences of Personal Debt Restructuring," De Economist, Springer, vol. 173(2), pages 367-384, July.
    4. Henry Fraisse & Philippe Frouté, 2012. "Households Debt Restructuring: Evidence from the French Experience," Working papers 404, Banque de France.
    5. Régis Blazy & Bertrand Chopard & Eric Langlais & Ydriss Ziane, 2012. "L’effacement des dettes des particuliers surendettés : Une étude empirique des décisions judiciaires," EconomiX Working Papers 2012-10, University of Paris Nanterre, EconomiX.
    6. Nadja König, 2016. "Personal Insolvency Dynamics in Germany and the UK -- A SUR-TAR Approach," Macroeconomics and Finance Series 201602, University of Hamburg, Department of Socioeconomics.

    More about this item

    JEL classification:

    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • K29 - Law and Economics - - Regulation and Business Law - - - Other

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