文章基本信息

标题：New Zealand’s No Asset Procedure: A Fresh Start At No Cost?
本地全文：下载
作者：Trish Keeper ; Commercial Law, Victoria University of Wellington
期刊名称：QUT Law Review
电子版ISSN：2201-7275
出版年度：2014
卷号：14
期号：3
语种：English
出版社：Queensland University of Technology
摘要：A new procedure for insolvent individuals, known as the No Asset Procedure (‘NAP’), was introduced into New Zealand law in 2007. This article outlines that the government’s intention was to provide an alternative to bankruptcy for individuals whose circumstances were identified as not being adequately dealt under existing law. However, a 2011 Evaluation indicated many creditors and budget advisers were critical of NAP as failing to facilitate changes in spending and budgeting habits. Introducing mandatory financial literacy or budgeting courses would reinforce that NAP is an earned fresh start for debtors and may also increase the legitimacy of NAP in the eyes of society.
关键词：insolvency; bankrupcy; Insolvency Act