Abstract
wide 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.
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