Working paper 2012-10
L’effacement des dettes des particuliers surendettés : Une étude empirique des décisions judiciaires
In this paper, we explore the mechanisms employed by the 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. These empirical results help us to understand better how much French personal bankruptcy law is rather pro creditor than pro debtor.
JEL Codes : K35, D14, K40
Keywords : personal bankruptcy, courts, debt restructurings