ABSTRACT

This book analyses the dichotomy between the goal of social inclusion and the effect of social exclusion through over-indebtedness since 2008 in Europe. Filling a vital gap in the current literature on the effects of the financial and economic crisis, this volume puts into context academic discussion with the real-life dimension of over-indebtedness. Reports from six European countries provide socio-economic and legal information on over-indebtedness as well as the regulatory and judicial responses to the problems entailed by over-indebtedness. They form the empirical background for five analyses of different aspects of the inclusion-exclusion dichotomy. It becomes clear that in the context of credit expansion, individual over-indebtedness has turned into a social issue, which the current design of the consumer credit and mortgage system in Europe has helped to produce while disregarding the consequential danger of social exclusion.

part I|25 pages

The Framework

part II|107 pages

The Country Reports

part III|101 pages

The Different Issues of Over-Indebtedness

chapter 11|12 pages

The Role of Credit Bureaus in Globalised Economies

Why They Matter Less Than We Think and How They Can Matter More

chapter 12|40 pages

Two Cheers for Europe

Austerity, Mortgage Foreclosures and Personal Insolvency Policy in the EU

chapter 13|8 pages

Conclusions

Consumer Over-Indebtedness and Consumer Insolvency – from Micro to Macro