Bankruptcy Reform-Breaking the Court Logjam in Colombia
Many developing countries suffer from logjam in the courts, a condition that tends to reduce the effectiveness of bankruptcy law in relieving financial distress. Colombia's bankruptcy reform provides some useful lessons for these countries. In particular, it shows that when traditional court procedures are hard to change, an alternative is to legally empower another entity to handle the entire process. The author explains how it was done in Colombia.
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| Main Author: | |
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| Language: | English |
| Published: |
World Bank, Washington, DC
1995-09
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| Subjects: | AUTHORITY, BANKING SYSTEM, BANKRUPTCY, BANKRUPTCY LAW, BANKRUPTCY PROCEDURES, BANKRUPTCY REFORM, BANKRUPTCY REORGANIZATIONS, COURTS, CREDITOR, CREDITORS, DEBTORS, DEBTS, FRAUD, INSOLVENCY, JUDGES, JUDICIAL POWERS, JUDICIAL SYSTEM, LAWYERS, LEGAL AUTHORITY, LEGISLATION, LIQUIDATION, MEDIATORS, PROFESSIONALS, PUBLIC AGENCIES, REORGANIZATION BANKRUPTCY, JUDICIAL PROCESS, FINANCIAL PLANNING, DEBT RESCHEDULING, COURT RULES, |
| Online Access: | http://documents.worldbank.org/curated/en/1995/09/441468/bankruptcy-reform-breaking-court-logjam-colombia https://hdl.handle.net/10986/11655 |
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