Bankruptcy,Joseph Spooner,Cambridge University Press,9781107166943,

Bankruptcy,Joseph Spooner,Cambridge University Press,9781107166943,

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A decade after the Global Financial Crisis and Great Recession, developed economies continue to struggle under excessive household debt. While exacerbating inequality and political unrest, this debt - when combined with wage stagnation and a shrinking welfare state - has played a key role in maintaining economic growth and allowing households faced with rising costs of living to make ends meet. In Bankruptcy: The Case for Relief in an Economy of Debt, Joseph Spooner examines this economic model and finds it increasingly unsustainable. In a call to action to reduce debt burden, he turns to bankruptcy law, which is uniquely situated as a mechanism of social insurance against the risks of a debt-dependent economy. This book should be read by anyone interested in understanding the problem of consumer debt and how best to address it.
Book
ISBN 9781107166943
PUBLISHER Cambridge University Press
Binding HARDBACK
Edition 2019
Language English

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