Bankruptcy Reform-Breaking the Court Logjam in Colombia

Many developing countries suffer from logjam in the courts, a condition that tends to reduce the effectiveness of bankruptcy law in relieving financial distress. Colombia's bankruptcy reform provides some useful lessons for these countries. In...

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Bibliographic Details
Main Author:	Atiyas, Izak
Format:	Viewpoint
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	AUTHORITY BANKING SYSTEM BANKRUPTCY BANKRUPTCY LAW BANKRUPTCY PROCEDURES BANKRUPTCY REFORM BANKRUPTCY REORGANIZATIONS COURTS CREDITOR CREDITORS DEBTORS DEBTS FRAUD INSOLVENCY JUDGES JUDICIAL POWERS JUDICIAL SYSTEM LAWYERS LEGAL AUTHORITY LEGISLATION LIQUIDATION MEDIATORS PROFESSIONALS PUBLIC AGENCIES REORGANIZATION BANKRUPTCY JUDICIAL PROCESS FINANCIAL PLANNING DEBT RESCHEDULING COURT RULES
Online Access:	http://documents.worldbank.org/curated/en/1995/09/441468/bankruptcy-reform-breaking-court-logjam-colombia http://hdl.handle.net/10986/11655

id	okr-10986-11655
recordtype	oai_dc
spelling	okr-10986-116552021-06-14T11:04:44Z Bankruptcy Reform-Breaking the Court Logjam in Colombia Atiyas, Izak AUTHORITY BANKING SYSTEM BANKRUPTCY BANKRUPTCY LAW BANKRUPTCY PROCEDURES BANKRUPTCY REFORM BANKRUPTCY REORGANIZATIONS COURTS CREDITOR CREDITORS DEBTORS DEBTS FRAUD INSOLVENCY JUDGES JUDICIAL POWERS JUDICIAL SYSTEM LAWYERS LEGAL AUTHORITY LEGISLATION LIQUIDATION MEDIATORS PROFESSIONALS PUBLIC AGENCIES REORGANIZATION BANKRUPTCY COURTS JUDICIAL PROCESS FINANCIAL PLANNING DEBT RESCHEDULING COURT RULES Many developing countries suffer from logjam in the courts, a condition that tends to reduce the effectiveness of bankruptcy law in relieving financial distress. Colombia's bankruptcy reform provides some useful lessons for these countries. In particular, it shows that when traditional court procedures are hard to change, an alternative is to legally empower another entity to handle the entire process. The author explains how it was done in Colombia. 2012-08-13T15:38:46Z 2012-08-13T15:38:46Z 1995-09 http://documents.worldbank.org/curated/en/1995/09/441468/bankruptcy-reform-breaking-court-logjam-colombia http://hdl.handle.net/10986/11655 English Viewpoint: Public Policy for the Private Sector; Note No. 51 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Viewpoint Publications & Research Latin America & Caribbean Colombia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	AUTHORITY BANKING SYSTEM BANKRUPTCY BANKRUPTCY LAW BANKRUPTCY PROCEDURES BANKRUPTCY REFORM BANKRUPTCY REORGANIZATIONS COURTS CREDITOR CREDITORS DEBTORS DEBTS FRAUD INSOLVENCY JUDGES JUDICIAL POWERS JUDICIAL SYSTEM LAWYERS LEGAL AUTHORITY LEGISLATION LIQUIDATION MEDIATORS PROFESSIONALS PUBLIC AGENCIES REORGANIZATION BANKRUPTCY COURTS JUDICIAL PROCESS FINANCIAL PLANNING DEBT RESCHEDULING COURT RULES
spellingShingle	AUTHORITY BANKING SYSTEM BANKRUPTCY BANKRUPTCY LAW BANKRUPTCY PROCEDURES BANKRUPTCY REFORM BANKRUPTCY REORGANIZATIONS COURTS CREDITOR CREDITORS DEBTORS DEBTS FRAUD INSOLVENCY JUDGES JUDICIAL POWERS JUDICIAL SYSTEM LAWYERS LEGAL AUTHORITY LEGISLATION LIQUIDATION MEDIATORS PROFESSIONALS PUBLIC AGENCIES REORGANIZATION BANKRUPTCY COURTS JUDICIAL PROCESS FINANCIAL PLANNING DEBT RESCHEDULING COURT RULES Atiyas, Izak Bankruptcy Reform-Breaking the Court Logjam in Colombia
geographic_facet	Latin America & Caribbean Colombia
relation	Viewpoint: Public Policy for the Private Sector; Note No. 51
description	Many developing countries suffer from logjam in the courts, a condition that tends to reduce the effectiveness of bankruptcy law in relieving financial distress. Colombia's bankruptcy reform provides some useful lessons for these countries. In particular, it shows that when traditional court procedures are hard to change, an alternative is to legally empower another entity to handle the entire process. The author explains how it was done in Colombia.
format	Publications & Research :: Viewpoint
author	Atiyas, Izak
author_facet	Atiyas, Izak
author_sort	Atiyas, Izak
title	Bankruptcy Reform-Breaking the Court Logjam in Colombia
title_short	Bankruptcy Reform-Breaking the Court Logjam in Colombia
title_full	Bankruptcy Reform-Breaking the Court Logjam in Colombia
title_fullStr	Bankruptcy Reform-Breaking the Court Logjam in Colombia
title_full_unstemmed	Bankruptcy Reform-Breaking the Court Logjam in Colombia
title_sort	bankruptcy reform-breaking the court logjam in colombia
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/1995/09/441468/bankruptcy-reform-breaking-court-logjam-colombia http://hdl.handle.net/10986/11655
_version_	1764417524129071104

Bankruptcy Reform-Breaking the Court Logjam in Colombia

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