THE PROCEDURE OF CONSUMER BANKRUPTCY AND THE PROBLEM OF EXCESSIVE HOUSEHOLD DEBT IN POLAND IN THE FACE OF CRISIS TRIGGRED BY THE COVID-19 PANDEMIC

Adam Reczuch

Abstract


The objective of this article is to analyse the amendment to the act of consumer bankruptcy procedure in the face of crisis triggered by the COVID-19 pandemic. The increase in the number of insolvent consumers may expose credit institutions to losses and deepen the recession, but financial situation of many households will improve. The analysis considers the impact of the new regulation in the wider social and economic context.

 


Keywords


consumer bankruptcy, COVID-19, insolvency

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DOI: https://doi.org/10.19197/tbr.v19i2.325

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Print ISSN: 1643-8175, Online ISSN: 2451-0955, DOI prefix: 10.19197, Principal Contact: tbr@wsb.torun.pl