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Japan’s Personal Insolvency Law
Volume 42 | Number 3 Summer 2007
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Japan’s Personal Insolvency Law
by Junichi Matsushita
III. Conclusion
The consumer credit industry has developed dramatically for several decades, and it has both a bright and dark side. To enjoy the bright side of consumer credit, we need to pay the cost that inevitably accompanies its development. When we design a legal scheme for personal insolvency, we must decide how to allocate the cost and whether it can be justified from the viewpoint of justice. I hope this paper interests commercial lawyers and consumer lawyers worldwide.
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