Articoli correlati a Bankruptcy: A Study in Comparative Legislation (Classic...

Bankruptcy: A Study in Comparative Legislation (Classic Reprint) - Brossura

Jr., Samuel Whitney Dunscomb

 
9781334587740: Bankruptcy: A Study in Comparative Legislation (Classic Reprint)

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Excerpt from Bankruptcy: A Study in Comparative Legislation

A cessation of payments will not, however, in every system of legislation necessarily result in an adjudication of bank ruptcy. In France, Austria and Germany, it will; for their laws take no account of temporary embarrassments in which a trader may be placed, although his assets may be sufficient to ultimately meet his engagements. But there are a few coun tries (belgium, Italy and Spain) that cover such a case by recognizing suspension of payments.

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