Diffusing the Debt 'Time Bomb'

New Law Journal, Vol. 154, pp. 1328-1329, 2004

5 Pages Posted: 17 Jan 2009 Last revised: 24 Jan 2009

Date Written: 2004

Abstract

Comments on the Department of Constitutional Affairs' publication of the consultation paper, A Choice of Paths: Better Options to Manage Over-Indebtedness and Multiple Debt. Assesses the proposals to reform the law relating to individual debt, including the introduction of a debt relief scheme and an enforcement restriction order, and reform of the scheme for administration orders. Considers whether the introduction of obligatory debt counselling could provide an answer to the growing problem of over-indebtedness relief and the possible role and benefits of a Debtor Advice Bureau funded by the credit industry to operate obligatory counselling.

Keywords: department for constitutional affairs, debt, debtor, creditor, reform, law, debt counselling, debtor advice

JEL Classification: K00

Suggested Citation

Tribe, John Paul, Diffusing the Debt 'Time Bomb' (2004). New Law Journal, Vol. 154, pp. 1328-1329, 2004, Available at SSRN: https://ssrn.com/abstract=1329060

John Paul Tribe (Contact Author)

University of Liverpool ( email )

Brownlow Hill
Liverpool, L69 3BX
United Kingdom

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