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http://ssrn.com/abstract=2171441
 
 

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Involuntary Bankruptcy as Debt Collection: Multi-Jurisdictional Lessons in Choosing the Right Tool for the Job


Jason J. Kilborn


The John Marshall Law School; Radboud University Nijmegen

Adrian Walters


Illinois Institute of Technology - Chicago-Kent College of Law

November 5, 2012

Chicago-Kent College of Law Research Paper No. 2012-15

Abstract:     
This paper contrasts the usage of creditor-initiated or 'involuntary' bankruptcy in England, the Netherlands and the United States, and it presents empirical evidence to reveal and explain stark divergences among these three otherwise very similar systems. US practice is consistent with the hypothesis that involuntary bankruptcy should represent a rare exception to the ordinary process of individual claims enforcement. Elevated levels of involuntary bankruptcy in England and the Netherlands pose a theoretical and practical conundrum. Analysis of empirical data suggests that involuntary bankruptcy is commonly used in England and the Netherlands for deleterious purposes inconsistent with the modern goals of bankruptcy. These discoveries suggest that policymakers should consider restricting involuntary bankruptcy in a variety of ways, especially against individual, natural person debtors.

Number of Pages in PDF File: 24

Keywords: bankruptcy, involuntary, debt collection, creditors rights, judgment enforcement, civil procedure

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Date posted: November 5, 2012 ; Last revised: November 26, 2012

Suggested Citation

Kilborn, Jason J. and Walters, Adrian, Involuntary Bankruptcy as Debt Collection: Multi-Jurisdictional Lessons in Choosing the Right Tool for the Job (November 5, 2012). Chicago-Kent College of Law Research Paper No. 2012-15. Available at SSRN: http://ssrn.com/abstract=2171441 or http://dx.doi.org/10.2139/ssrn.2171441

Contact Information

Jason J. Kilborn (Contact Author)
The John Marshall Law School ( email )
315 South Plymouth Court
Chicago, IL 60604
United States
Radboud University Nijmegen ( email )
Nijmegen, 6500 HK
Netherlands
Adrian Walters
Illinois Institute of Technology - Chicago-Kent College of Law ( email )
565 W. Adams St.
Chicago, IL 60661-3691
United States

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