FORMATION AND EVOLUTION OF THE INSTITUTION OF INSOLVENCY AND BANKRUPTCY IN SOME FOREIGN COUNTRIES

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V. Hordiyenko

Ivan Franko National University of Lviv,

Universytetska Str. 1, UA–79000 Lviv, Ukraine,

E-mail: law@franko.lviv.ua

The formation and evolution of the insolvency institution or the relations connected with

the failure to pay the debts in some foreign countries are investigated. The punitive

measures for the debtor were typical at the initial stage of its evolution. Later, the

differentiation of the personal and property liability began, it depended on the presence of

guilt in the debtor’s actions.

Key words: insolvency, property liability, guilt.

Стаття надійшла до редколегії 22.12.2006

Прийнята до друку 01.06.2007

ВІСНИК ЛЬВІВ. УН-ТУ

Серія юридична. 2007. Вип. 44. С. 75–82

VISNYK LVIV UNIV.

Law Series. 2007. № 44. P. 75–82