Abstract

http://ssrn.com/abstract=913096
 
 

Citations (1)



 
 

Footnotes (284)



 


 



Out With the New, in With the Old: as Sweden Aggressively Streamlines its Consumer Bankruptcy System, Have U.S. Reformers Fallen Off the Learning Curve?


Jason J. Kilborn


The John Marshall Law School; Radboud University Nijmegen


American Bankruptcy Law Journal, vol. 80, p. 435, 2007

Abstract:     
Before the dust had settled on the complete overhaul of the U.S. consumer bankruptcy system in October 2005, Sweden remodeled its consumer bankruptcy law on May 19, 2006. After over a decade of trial and error under its 1994 original law, Sweden has just adopted a streamlined new law to make its system more straightforward and efficient. Of particular interest to U.S. readers, Sweden's original law functioned very much like the revised consumer bankruptcy system just adopted in the United States. U.S. policymakers should be aware of reforms in parallel systems, like that in Sweden, to avoid falling into the same traps that snared our European neighbors. For example, the failure and abandonment of mandatory credit counseling and informal negotiation with creditors in Sweden seems a likely harbinger of things inevitably to come in the U.S. In addition, Sweden has just ushered in an administrative structure that corresponds almost exactly with proposals that were rejected in the United States in the 1970s. Perhaps it is time to reconsider our rejection of these proposals, at least in part. This article examines the Swedish law in books and in action as part of an on-going project to chart - in English - the experiences of our European neighbors with new and developing consumer debt relief systems. In undertaking this project, I hope to encourage U.S. policymakers to climb back to the top of the increasingly international learning curve.

Number of Pages in PDF File: 38

Keywords: consumer bankruptcy, bankruptcy reform, debt adjustment

working papers series


Download This Paper

Date posted: July 3, 2006  

Suggested Citation

Kilborn, Jason J., Out With the New, in With the Old: as Sweden Aggressively Streamlines its Consumer Bankruptcy System, Have U.S. Reformers Fallen Off the Learning Curve?. American Bankruptcy Law Journal, vol. 80, p. 435, 2007. Available at SSRN: http://ssrn.com/abstract=913096 or http://dx.doi.org/10.2139/ssrn.913096

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
Feedback to SSRN


Paper statistics
Abstract Views: 1,505
Downloads: 247
Download Rank: 67,826
Citations:  1
Footnotes:  284

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo2 in 0.344 seconds