Abstract
The present paper is about the bankruptcy with no assets, that is, those trials where there is lack or insufficiency of the assets of bankrupt to face the costs of bankruptcy has involved. In both cases, no such process is economically justified. However, our legislation does not provide appropriate mechanisms to prevent the beginning or continuation of a bankruptcies trial in which it is established the absence or insufficiency of assets, which are promoted despite their high costs, with the only purpose of satisfying the revenge of creditors, motivated the latest by the possibility of prosecuting the debtor criminally.
Translated title of the contribution | Bankruptcy wi th no assets. An approximation from the economic analysis of Law |
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Original language | Spanish |
Pages (from-to) | 139-176 |
Number of pages | 38 |
Journal | Ius et Praxis |
Volume | 17 |
Issue number | 1 |
DOIs | |
State | Published - 2011 |
Externally published | Yes |