Comprehensive Reform of Japanese Personal Insolvency Law
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Junichi Matsushita
The project of the comprehensive reform of Japanese insolvency law started in October 1996. After many enactments and amendments, there are now two types of judicial proceedings for personal insolvencies in Japanese insolvency law. The first category is straight bankruptcy proceedings in which the debtor can be discharged; the other is special Civil Rehabilitation proceedings for individual debtors. In this Article, I will first give a brief overview of the special Civil Rehabilitation proceedings for individual debtors (Part I), including a short description of two types of proceedings, and legislative issues. Then I will give a brief overview of major amendments of the Bankruptcy Law concerning individual bankruptcies (Part II), including amendments relating to the scope of exemption and discharge proceedings.
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Articles in the same Issue
- Article
- Facts on the Ground and Reconciliation of Divergent Consumer Insolvency Philosophies
- Theories of Overindebtedness: Interaction of Structure and Culture
- Conservative Economics and Optimal Consumer Bankruptcy Policy
- The Evolution of Bankruptcy Stigma
- Optimizing Consumer Credit Markets and Bankruptcy Policy
- Bankruptcy Policy in Light of Manipulation in Credit Advertising
- The Value of Home Ownership
- Credit Markets, Exemptions, and Households with Nothing to Exempt
- Velvet Bankruptcy
- Comprehensive Reform of Japanese Personal Insolvency Law
- The Chief Enforcement Officer and Insolvency in Israeli Law
- Personal Bankruptcy in Korea: Challenges and Responses
- Functionalism and Political Economy in the Comparative Study of Consumer Insolvency: An Unfinished Story from England and Wales
Articles in the same Issue
- Article
- Facts on the Ground and Reconciliation of Divergent Consumer Insolvency Philosophies
- Theories of Overindebtedness: Interaction of Structure and Culture
- Conservative Economics and Optimal Consumer Bankruptcy Policy
- The Evolution of Bankruptcy Stigma
- Optimizing Consumer Credit Markets and Bankruptcy Policy
- Bankruptcy Policy in Light of Manipulation in Credit Advertising
- The Value of Home Ownership
- Credit Markets, Exemptions, and Households with Nothing to Exempt
- Velvet Bankruptcy
- Comprehensive Reform of Japanese Personal Insolvency Law
- The Chief Enforcement Officer and Insolvency in Israeli Law
- Personal Bankruptcy in Korea: Challenges and Responses
- Functionalism and Political Economy in the Comparative Study of Consumer Insolvency: An Unfinished Story from England and Wales
