Abstract
What are the causes of the inefficiency of bankruptcy proceedings and who has to suffer as a result? The authors conducted a nationwide study of insolvencies and the legal procedures to deal with them in the Federal Republic of Germany in 1976. A report on this study was presented in 1977. In the following article the authors use the results of the study as a springboard for some sociolegal reflections on the functioning of law in general and bankruptcy law in particular. They emphasize the three main functions of bankruptcy law in any capitalist society (distribution, conflict resolution, and prevention) and describe social organization of these functions in West German bankruptcy law. Bankruptcy, as revealing a situation of breakdown and crisis, poses problems that are not only practical but also theoretical, problems that can stimulate sociolegal reasoning and help us to understand the social foundations of law.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
