Chapter 2: Falling into over-indebtedness
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The institution of private property comes with the presumption that the state will guarantee a creditor’s right to collect payment from a debtor. In case of default, the creditor may turn to the courts to get his money back. Despite the wide range of nationally unique features, all debt recovery procedures comply with a simple five-stage model: routine of requests and warnings; court procedures; debt collection actions; entry into the personal insolvency process; and official credit records. This chapter also discusses different types of debts before presenting a model of personal insolvency regimes. Finally, the central features of debt recovery processes in six countries are presented and compared.

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