2021 OCT 07 (NewsRx) – By a Journalist-Staff News Editor at NewsRx Policy and Law Daily – A new study on insurance is now available. According to reports by Budapest, Hungary, by reporters at NewsRx, the research said: “Discussions of personal bankruptcy regulations tend to focus on the controversial effects of leniency on society, the economy, financial markets, entrepreneurship and the economy. ‘supply of labor.’
Financial support for this research includes the Institutional Excellence Program for Higher Education 2020 of the Hungarian Ministry of Innovation.
Our press reporters got a research citation from Corvinus University: “However, the leniency measurement methodology has been limited to ad hoc legislative changes or to certain elements of the American personal bankruptcy system. Instead, we create a composite index of personal bankruptcy laws. We calculate the composite index for 25 EU countries and the US as a benchmark, validate the results and rank the countries according to the leniency of their personal bankruptcy systems. We analyze the index scores by region, legal origin and age of the scheme. We conclude that the systems exhibit great heterogeneity and cannot be grouped by region or by assumed legal origin based on previous studies. However, there is a strong association between leniency and the age of legislation. “
According to the reporters, the research concluded: “The results indicate that personal bankruptcy policies in the EU are generally launched as creditors-friendly and then shifted in a more lenient direction.
For more information on this research, see: Personal Bankruptcy Leniency Regulations in EU Countries. Risks, 2021.9 (162): 162. (Risks – http://www.mdpi.com/journal/risques). The editor of Risks is MDPI SA.
A free version of this review article is available at https://doi.org/10.3390/risks9090162.
Our editors point out that additional information can be obtained by contacting Gyorgy Walter, The Finance Department, Corvinus University, Fovam ter 8, 1093 Budapest, Hungary. Other authors of this research include Jens Valdemar Krenchel.
(Our reports provide factual information on research and discoveries from around the world.)